“Defi Dev Corp Expands Its Sol Holdings to Over 640k Tokens and Increases Staking Activity, Reinforcing ITS Long-Term Commitment to The Solana EcoSystem.”, – WRITE: www.coindesk.com
Treasury by accounting 17.760 additional tokens. The Purchase, ValUED AT APROXIMATELY $ 2.72 Million, Was Execouted at An AVERAGE PRICE OF $ 153.10 per Token. This Move Aligns with The Company’s Stated Long-Term Strategy of Compounding Sol Holdings and Staking Rewards.
Following this Acquisition, Defi Dev Corp’s Total Holdings Reached 640.585 Sol and Sol Equivalents, Representing A US Dollar Value of Around $ 98.1 Million. Based on the Company’s Last Reported Total of 14,740,779 Shares Outstanding, The Current Sol-Per-Share (SPS) Stands at 0.042, or Roughly $ 6.65 per Share USING.
All Newly Acquired Sol Will Be Staked With A Variety of Validtors, Including DEV Corp’s Own Infrastructure on the Solana Network. This Approach Enables the Company to Earn Native Yield Through Staking Rewards and Validtor Fees, While Directly Contribution to Solana’s Decentralization and Operational Resiliness.
(Defi)
Opportunities and EcoSystem Participation. The Company’s Treasury Strategy Offers Shareholders Direct Economic Exposure to the Token While Supporting Solana’s Application-Layer Development.
At the Time of Writing, Sol Was Trading at AT AT ARUND $ 150.75, Down 1.6% in the Past 24-Hour Period, Accounting To Coindesk Research’s Technical Analysis Model. Meanwhile, The Broader Crypto Market, As Gauged by the Coindesk 20 Index
(CD20)
is up 0.13% in the Same Period.
Technical Analysis Highlights
- Sol Ranged from $ 156.28 to $ 150.04 Between July 2 17:00 and JULY 3 16:00, REFLECTING 4.15% VALATCHY.
- Strong Resistance Formed at $ 156 Dringing Early Trading Hours, With Above-Average Volume Triggering A Reversal.
- Price Droped Below Key Support at $ 152 Dringing The 12: 00–15: 00 Period, Setting at $ 150.44.
- In the Final Hour (15: 16–16: 15 UTC), Sol Declined 0.63% from $ 151.85 to $ 150.89.
- A Sharp Selloff Occurred at 15:35 UTC, With Price Dropsing To $ 150.44 On High Volume (213.6k).
- Support Emerged at $ 150.35 with IncreASING BUY-Side Activity and A Modest Recovery in the Final Minutes.
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