Co-Founder Predicts $1,000 SOL Price as Solana Treasuries Surge to $4B


Co-Founder Predicts ,000 SOL Price as Solana Treasuries Surge to B


Co-founder Kaleo sets $1,000 price target for Solana as corporate treasuries surpass $4B, with institutional demand driving bullish momentum.

Solana momentum continues to grow, with a co-founder predicting that the price of the cryptocurrency could reach $1,000. This comes as Solana-based corporate treasuries have hit a significant milestone, surpassing $4 billion in holdings. Analysts believe this surge in institutional adoption could push Solanaprice to new heights.

Co-Founder Sets $1,000 Price Target for Solana

Kaleo, a co-founder and prominent crypto analyst, has set an ambitious price target of $1,000 for Solana (SOL). He believes this price is no longer just a speculative scenario but a realistic goal given the token’s recent performance and institutional support. “A four-digit price for SOL is now a likely outcome,” Kaleo stated in his latest analysis.

This bold prediction aligns with growing bullish sentiment around Solana. Another analyst compared its current chart structure to that of Binance Coin (BNB) during its all-time high run, suggesting a similar breakout pattern could occur.

Solana strong accumulation pattern| Source: X

The analyst noted that Solana is forming a classic cup-and-handle pattern, and a breakout above $295 could open the door to higher price levels, potentially reaching $500 in the short term.

Corporate Treasuries Push Solana’s Value Higher

Much of the optimism surrounding Solana’s price is driven by its increasing adoption among corporate treasuries. Solana-based companies are accumulating large amounts of the token, with corporate holdings now valued at over $4 billion. 

According to the Strategic Solana Reserve tracker, corporate treasuries collectively hold around 17 million SOL, which accounts for nearly 3% of the total supply.

Solana’s strategic reserves reach $4.16B, holding 17M SOL tokens Source: Coinglass

Notable participants include Forward Industries, which holds over 6.8 million SOL, valued at $1.61 billion. Other companies like Sharps Technology, DeFi Dev Corp., and Solmate have also made significant investments in Solana. These corporate holdings signal strong institutional confidence in Solana long-term value, as firms view it as a stable asset for treasury reserves.

Growth in Institutional Involvement and Future Plans

The surge in Solana corporate treasury holdings is expected to continue. Forward Industries recently announced a $4 billion financing project to expand its treasury, providing more liquidity to increase its Solana holdings. Classover Holdings, another major player, plans to purchase an additional $550 million worth of SOL, further strengthening its position.

DeFi Dev Corp. also revealed plans to expand its Treasury Accelerator program, investing between $5 million and $75 million into digital asset reserves. As more institutions accumulate Solana, the token’s price could benefit from this influx of institutional capital, propelling the cryptocurrency to new heights.

The post Co-Founder Predicts $1,000 SOL Price as Solana Treasuries Surge to $4B appeared first on Live Bitcoin News.





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