SOL treasury building and robust inflows to the Solana staking ETF hint at rising demand and a potential rally to $240.
Key point:
SOL faces profit-booking near $209, but the trend favors the bulls as long as the price remains above $185.
Nasdaq-listed company DeFi Development Corp said on Monday that it had acquired 141,383 Solana (SOL) between July 14 and Sunday, boosting its treasury to 999,999 SOL. The company said it had $5 million at its disposal for future SOL purchases.
