- Sol Strategies launched Solana Ecosystem Reserve by acquiring 52,181 Jito tokens, backing network infrastructure through MEV, staking rewards.
- The reserve funds derive from validator revenue, protecting SOL treasury while supporting on-chain projects across staking and governance.
Solana (SOL) is trading at $141.36 USDT, showing a modest intraday gain of 1.65%. The asset is currently consolidating within a broad downtrend, having declined approximately 20.14% over the past month and 27.82% over the last six months.
Price action remains below both the 50-day SMA ($154.84) and the 200-day SMA ($168.79), reinforcing a bearish medium-term structure. The near-term trend is technically weak, with SOL fluctuating within the $137–$145 range, a zone marked by prior demand and resistance retests.
Technically, Solana recently completed a breakout above a falling wedge formation, which is a bullish reversal pattern. However, this breakout lacks significant volume confirmation, and the asset continues to struggle to reclaim the $148 level — a key horizontal resistance and Fibonacci 0.382 retracement zone.
A decisive break above $148 with volume could shift market sentiment bullish, with upside targets in the $160–$175 range. Failure to reclaim that level may result in continued distribution and a retest of support levels at $134 and potentially $127.80, in line with prior reaction lows and Fibonacci 0.618 support.
On the fundamental side, institutional interest in Solana is gaining traction. Robinhood’s launch of micro futures for Solana and XRP, and recent filings by Invesco and Galaxy for a Solana ETF, suggest growing adoption and legitimization of the asset in traditional financial markets.
Moreover, market participants are speculating on a positive demand shock contingent upon a successful ETF approval. Meanwhile, Solana’s ecosystem continues to expand, with Upexi announcing plans to tokenize public shares via the Solana blockchain, further reinforcing the protocol’s utility case.
Will Sol Strategies’ New Reserve Ignite an MEV and Staking Yield Frenzy on Solana?
On June 26, the Canadian firm confirmed the purchase of 52,181 Jito tokens. These tokens represent the first assets in the reserve. Jito leads Solana in transaction-ordering services and liquid staking, holding over $2.6 billion in total value locked, according to DeFiLlama.
Sol Strategies started life as Cypherpunk Holdings. In 2024, it rebranded to reflect its full focus on Solana. Now, the company channels a share of its validator returns into the reserve. Hence, it supports network projects without touching its SOL treasury.
CEO Leah Wald said the reserve aims to invest in teams that deliver the layers every blockchain needs. Jito topped the list because its architecture boosts validator efficiency and raises staking rewards for users. Furthermore, Sol Strategies first ran a token validator on Solana’s mainnet in 2022. With this move, the firm deepens its ties to Jito’s mission.
