Solana Jumps 1.9% as Ark Invest Backs $300M Solmate Treasury Project

The Solana price has surged 1.9% in the last 24 hours, to trade at $245, on a 21% plunge in the daily trading volume, to $8.63 billion.

The surge in Solana price comes as Ark Invest and other major backers fund Solmate with $300 million, rebranding Brera Holdings into a Solana-focused digital asset treasury. The project will accumulate and stake SOL while building new infrastructure in the UAE, including high-performance validators in Abu Dhabi.

Leadership changes add weight, with former Kraken legal chief Marco Santori stepping in as CEO and economist Dr. Arthur Laffer joining the board alongside Solana Foundation representatives. At the same time, DeFi Development Corp. (NASDAQ: DFDV) announced it will expand its Treasury Accelerator program, committing $5–$75 million into Solana treasuries worldwide.

Any profits will be reinvested in SOL, compounding treasury growth. These moves highlight the growing adoption of Solana by institutions and Nasdaq-listed firms. Corporate treasuries now hold around 15.83 million SOL, worth nearly $4 billion, which equals 3% of the total supply.

Solana Funding Rates Stay Positive

Solana traders are showing strong confidence as funding rates stay mostly positive, meaning many are paying extra to hold long positions. Data from CoinGlass shows this positive trend started in late July, as Solana’s price climbed from under $150 to above $240. This points to growing trust in the token, even with some ups and downs.

Solana OI-Weighted Funding Rate. Source: CoinGlass

There were short periods in early August and mid-September when funding rates went negative, showing more traders were betting against Solana. But those moments didn’t last long, and demand for long positions quickly returned. With prices rising and trading activity growing, both retail and institutional interest in Solana is increasing.

The positive funding rates and steady price gains suggest that traders expect Solana to keep performing well in the near future.

Solana Price Rally Targets $300 After Key Breakout

Solana (SOL) has gained strong momentum after breaking above an important resistance level. SOL is trading around $244, showing clear bullish strength. This move comes after months of sideways action and a steady parabolic curve that helped the price build solid support near $150.

Earlier this year, Solana was stuck in a bearish channel, but the market has since shifted. The breakout from the resistance neckline now points to a possible move toward the $300 level, where major buy liquidity is expected. Traders are closely watching this area since it could act as the next big resistance zone.

SOLUSDT Analysis Source: Tradingview

Technical indicators also support the bullish outlook. The Relative Strength Index (RSI) is currently at 66.7, showing strong buying activity but not yet fully overbought. This suggests that there is still room for more upside before a correction happens.

If momentum continues, Solana could retest $300 in the coming weeks. However, short pullbacks are possible as traders take profits along the way. With growing activity in Solana’s ecosystem and rising demand, the overall outlook remains positive, giving bulls confidence to push the price higher.