DeFi Development Corp Don Boost SOL Holdings With $9.9M Locked Token Acquisition Through BitGo OTC, Dey Show Say Institutional Interest Dey For Solana
US-listed DeFi Development Corp (wey bin be Janover) don make one big strategic move for crypto sector by buying $9.9 million worth of locked Solana (SOL) tokens through BitGo's over-the-counter (OTC) desk. Dis one raise dia total SOL holdings to 317,273 tokens, wey dem estimate to be about $48 million. Di tokens wey dem buy dey 'locked', dem get am for discounted price but e get vesting schedule, wey dey limit quick quick money. Dis acquisition dey show how DeFi Development dey enter Solana ecosystem more and more, because e get high throughput, low fees, and strong development activity. Di transaction, wey no let market price change too much because of OTC execution, dey show say many public companies dey look for direct Solana exposure for traditional finance (TradFi) investors. Dis development dey point to say institutions dey adopt Solana more and more, demand for crypto custody and OTC trading services dey increase, and e dey show say institutions still dey believe in layer-1 blockchain protocols pass Bitcoin and Ethereum.
Bullish
Wey US company wey dey listed, don buy plenty SOL tokens through OTC transaction wey dem buy am for discount price. This one show say plenty big companies dey get interest and trust for Solana long-term ecosystem. This kind move dey show say traditional finance dey approve am and e fit attract more big companies to put money, wey go make the price dey stable or even go up. Even though the tokens dey locked and dem no fit sell am sharp sharp, e dey reduce the pressure wey people go dey sell am and e dey show say dem trust Solana fundamentals. Wey dem use OTC also prevent bad market wahala. Overall, this one show say SOL go dey better for short and long term, wey dey show say more people dey adopt am and TradFi dey integrate.