Ken Griffin Citadel don buy 4.5% stake for Solana company
Ken Griffin dem Citadel don file Schedule 13G to show say dem get 4.5% stake for DeFi Development Corp, one treasury company wey dey focused on Solana. Citadel Advisors and dem people get 1.315 million shares—4.5% beneficial ownership—of this Nasdaq-listed company. DeFi Development dey manage 2,195,926 SOL, about 0.4% of Solana circulating supply, wey dem buy for $236.5 million, and now e dey worth $395.3 million. This one mean say dem don get 67% unrealised gain on Solana assets. SOL don jump 370% since April 2025 to about $179. Technical indicators show double-bottom pattern and resistance at $190, dem dey expect say if dem break am, e fit rally go $260. Citadel move show say institutional investment for Solana dey grow and e fit boost market momentum. Even secondary projects like SUBBD token presale don see demand rise, dem raise $1.45 million. This change show say crypto trading views dey change, e resemble old Bitcoin buy by companies like MicroStrategy.
Bullish
Citadel get 4.5% shares for DeFi Development show say plenty big institutions get strong confidence for how Solana dey manage treasuri and staking returns. Di company wey hold plenty SOL and get unrealized gains, e show say Solana fit grow well well. Plus di technical signs dem wey good—like double-bottom pattern and clear resistance levels—dis tori fit make people wan buy again, support di price to fit break toward $260. Historical example like how MicroStrategy dey buy Bitcoin, show say dis kain moves fit ginger short-term rally and long-term network validation.