- 1️⃣ It’s a big week for Solana as a16z pours $50M into staking firm Jito and DeFi Development Corp scoops up 86K $SOL worth $9.5M.
- 2️⃣ Collectively, Solana treasury firms now hold about 13.5M $SOL valued at roughly $2.3B, marking a 466% rise year-to-date.
- 3️⃣ Snorter Token is gearing up to launch its trading bot on Solana after its presale close in three days.
- 4️⃣ The bot is positioned to benefit from the growing institutional confidence on the network.
Institutions are scooping up Solana like there’s no tomorrow.
This week alone, DeFi Development Corp just purchased an additional 86K $SOL worth roughly $9.5M. Meanwhile, Andreessen Horowitz’s a16z just invested $50M into Jito Foundation, a Solana staking protocol.
It’s awesome news for projects building on Solana, like Snorter Token ($SNORT), which is set to launch its trading bot on Solana after its presale closes in just three days.
Solana Treasuries Hold $2.3B Worth of $SOL
Collectively, the nine Solana treasury firms hold around 13.5M $SOL, valued at roughly $2.3B – a head-turning 466% increase year-to-date.
Among them, Forward Industries has acquired the largest amount of $SOL at 6.82M, valued at roughly $1.2B today.
DeFi Development Corp follows with 2.19M $SOL ($389M), and Upexi with 2M $SOL ($357.5M).
A16z is also backing Solana, but differently, by leading the funding round for Jito Foundation.
Jito powers a $3.2B liquid staking token and operates a validator client built to optimize Solana’s high-speed performance.
Such backing, whether through direct accumulation or company investments, reinforces Solana’s position as a trusted, maturing blockchain.
They help strengthen the entire Solana ecosystem, benefiting projects built on the network, like $SNORT’s Telegram trading bot, Snorter Bot.
Snorter Token Set to Boost Crypto Trading on Solana
Snorter Token is a pioneering crypto project that’s getting set to launch Snorter Bot to facilitate fast and secure crypto trading on Solana (and several EVM chains down the line).
Once launched, you’ll be able to buy, sell, and snipe tokens straight away, all directly with the world’s fourth-largest messaging app.
The $SNORT token grants access to this bot. It also promises to offer you fees as low as 0.85% on the network, making it a highly cost-efficient tool in the space. $SNORT is currently selling on Ethereum before going multi-chain on Solana.
As for the Bot, after its initial Solana debut, it’ll branch out to support EVM-compatible chains, like Ethereum and Polygon. In doing so, you’ll be able to expand your portfolio beyond the best Solana meme coins and hopefully boost your returns.
The bot offers many features to help you increase your profits, including fast, secure swaps, automated sniping, limit orders, and a copy trading tool.
Security is also high on its list of priorities. It’ll include built-in protections against rugpulls and honeypots to ensure a safe trading experience, while being MEV-protected.
Check Snorter Bot on the official website.
Stake $SNORT & Earn Up to 107% APY Rewards
$SNORT opens access to a range of exclusive perks across the Snorter ecosystem, not just low gas fees.
Given such advantages, it’s no surprise that $SNORT has raised over $4.8M on presale, despite being able to buy the $SNORT coin for as little as $0.1081.
Our Snorter Token price prediction anticipates $SNORT reaching $0.94 this year’s post-exchange listings, representing a 770% ROI from current levels.
It won’t be long until $SNORT launches on exchanges. Listings are the next step after its presale comes to a close in just three days.
Buy $SNORT before the time runs out.
Disclaimer: This isn’t financial advice. As always, DYOR and never invest more than you’re willing to lose.
Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/institutions-buy-solana-snort-presale-ends-soon
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