Forward Industries Secures $1.65B for Largest Solana Corporate Treasury
Forward Industries and Galaxy Digital are significantly increasing their Solana reserves to boost strategic growth within the Solana network.
- Forward Industries secured $1.65 billion, creating the largest Solana corporate treasury, inspired by similar strategies used for https://holder.io/coins/btc/.
- Galaxy Digital purchased $326 million worth of https://holder.io/coins/sol/, aiming to expand holdings for Multicoin Capital's institutional fund (SOL DAT).
- Galaxy Digital retains $1.3 billion in cash and stablecoins, hinting at potential further acquisitions of https://holder.io/coins/sol/.
The recent institutional investments have positively impacted Solana’s market performance:
- Solana surged 7% in the last 24 hours, reaching $238, indicating strong investor confidence and demand.
- In the past week, Solana rose by 15%, with a monthly gain of approximately 20%, showcasing a broader bullish trend.
The presale of Snorter Token ($SNORT) is gaining attention due to its trading bot capabilities:
- Offers features like honeypot detection, rugpull protection, limit orders, and low transaction fees (0.85%).
- Plans to expand across Ethereum, BNB Chain, and other EVM networks.
- Raised over $3.8 million in presale, with a launch price of $0.0935 per token, now at $0.1041.
- Staking offers attractive returns at 120% APY.
The projected price for Snorter Token by year-end could reach $1.02, suggesting significant ROI potential.
Note: The cryptocurrency market is volatile and speculative. Conduct thorough research before investing.