Solana Surges 8% as VisionSys Launches $2B Treasury Strategy with Marinade Finance

Solana price

The Solana price has surged 8% in the last 24 hours, to trade at $224, on a 23% increase in the daily trading volume, to $8.73 billion.

Solana’s price rise comes after Nasdaq Asia-listed AI company VisionSys announced a $2 billion Solana treasury plan with Marinade Finance. The company will start with $500 million worth of SOL in the first six months, which will be staked through Marinade to ensure security and compliance.

VisionSys said the move will help strengthen its balance sheet, improve liquidity, and create long-term value. CEO Heng Wang called the plan a big step in combining AI with blockchain. The company wants to use its AI tools with Solana’s fast network to build new treasury models and support DeFi solutions.

This comes as more firms show interest in Solana, with Forward Industries recently unveiling a $1.6 billion treasury plan. Marinade, Solana’s top staking protocol with over 154,000 users, will provide the infrastructure. It has passed several audits and offers institutional-grade security and liquidity. VisionSys believes its strategy could push other companies to also adopt blockchain.

Solana Price Rises Above $220 as Bulls Push Higher

Solana (SOL) has moved up to $223, showing a strong recovery after bouncing from the $190 support level. The token is gaining attention as traders now look toward higher resistance levels that could drive its price even further.

The daily chart shows Solana recently escaped a long bearish channel that had kept prices down earlier this year. After dropping close to $120, the coin formed a rounded bottom pattern and broke above the resistance neckline near $170. This breakout has added confidence to the market, pushing Solana back into a bullish channel.

SOLUSDT Analysis. Source: Tradingview

For now, support is holding near $190, where buyers have stepped in to protect the price. On the upside, the next big test will be around the $300 zone, which traders see as a strong resistance area where selling pressure could return.

The Relative Strength Index (RSI) is currently around 54, suggesting the market is balanced and still has room to climb higher. If SOL breaks above $240, it could trigger a move toward $280 or even $300, especially if buying pressure increases.

Still, the market is not without risk. The recent drop from $240 showed that sellers are active, which could slow down the rally in the short term. If Solana falls below $200, it could face more downside pressure, with $170 acting as the key support to watch.

About Author

Charles Kibue

About Author

Charles Kibue

Charles Kibue

Charles is a crypto journalist with years of hands-on experience in the blockchain world. He has a talent for turning complex crypto news into simple, clear stories. As a contributor to Coinnews and InsideBitcoins, Charles keeps readers up to date with accurate and easy-to-understand insights on the latest trends, tech, and market moves.
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