TL;DR
- Janover Inc. acquired 44,158 SOL for $5 million, bringing its total investment in Solana to over $9.6 million as part of its shift toward blockchain.
- The company will begin staking its tokens and is rebranding as DeFi Development Corporation to focus exclusively on decentralized technology.
- Solana rose 10.5% in 24 hours and is nearing a key resistance level, as the market reacts to the temporary relief in U.S. tariff policy.
Solana (SOL) has come into the spotlight following a new investment from Janover Inc., a company that recently began exploring the crypto industry as part of its financial strategy.
The firm announced the purchase of 44,158 SOL for approximately $5 million, raising its total holdings to over 83,000 tokens, equivalent to around $9.6 million. This decision is part of a transformation process that will shift the company away from its original focus on real estate technology to concentrate on the blockchain infrastructure sector.
The company confirmed it will begin using the acquired tokens to participate in network validation processes. This move aims to capitalize on the yields offered by staking and represents an active way to integrate into the ecosystem.
Janover seeks to become a prominent player within the Solana environment. The company has already begun a rebranding process and plans to adopt the name DeFi Development Corporation, aiming to focus exclusively on solutions tied to blockchain technology. The idea that public companies adopt these types of assets not only as financial instruments but also as operational components could accelerate corporate use of decentralized networks.
Performance and Outlook for Solana (SOL)
Meanwhile, the market showed signs of recovery. Solana (SOL) has climbed 10.5% in the past 24 hours, reaching a value of $121.6 per token. However, its trading volume has dropped 25% compared to the previous day. According to analysts, the 90-day temporary tariff pause announced by Donald Trump eased market pressure and supported a broad rally in risk assets.
On the technical front, Solana is nearing a resistance zone at $122, with a key support level around $114. If it manages to break through that threshold, it could retest the levels seen in early April.
