NewsBTC

5 June 2025

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Solana Targets Wall Street Investors Amid Rising Interest in Meme Coins

Solana Labs is transitioning from a meme coin to a serious DeFi player, establishing a physical headquarters in Lower Manhattan to engage with partners and investors. Key developments include:

• Upexi, Inc purchased 77,879 $SOL, totaling 679,677 $SOL valued at $121M, realizing approximately $24.5M in gains.
• SkyBridge Capital invested $50M into a Solana Staking ETF in Canada.
• Apollo and Securitize launched tokenized credit funds on Solana.
• SOL Strategies announced a $500M investment for SOL acquisitions and partnerships.
• Classover plans to issue up to $500M in convertible notes for a SOL treasury.

In May, 1.4 million new meme coins launched on Solana, showcasing ongoing interest despite high failure rates. Solana maintains its focus on both finance and meme coin projects, with upcoming launches like pump.fun.