DeFi Development Corp Acquires 17,760 SOL for $2.72 Million
DeFi Development Corp (DFDV) acquired 17,760 additional SOL tokens, valued at approximately $2.72 million, reinforcing its treasury strategy centered on SOL. Key details include:
- Total SOL holdings now stand at 640,585 tokens, worth around $98.1 million.
- The acquisition price averaged $153.10 per token.
- SOL-per-share (SPS) is currently 0.042, equating to roughly $6.65 per share.
- All newly acquired SOL will be staked with various validators, including DeFi Dev Corp's own infrastructure.
- Company aims to generate yield through staking rewards and support Solana's decentralization.
- SOL trading at about $150.75, a decrease of 1.6% in the last 24 hours.
Technical Analysis Highlights
- SOL price fluctuated between $156.28 and $150.04, showcasing 4.15% volatility.
- Resistance at $156 noted during early trading; reversal followed high volume.
- Price fell below support at $152 during midday, settling at $150.44.
- A selloff occurred at 15:35 UTC, with price dropping to $150.44 on high volume (213.6K).
- Support emerged at $150.35 as buying activity increased towards the close.