Quick facts:
1️⃣ A big week for Solana as a16z pours $50 million into staking company Jito and DeFi Development Corp scoops up 86,000 SOL worth $9.5 million.
2️⃣ Collectively, Solana treasury companies now hold approximately 13.5 million SOL valued at approximately $2.3 billion, an increase of 466% year to date.
3️⃣Snorter Token is preparing to launch its Solana-based trading bot after the pre-sale closes, positioned to benefit from growing institutional trust in the network.
Institutions are picking up Solana like there is no tomorrow.
Just this week, DeFi Development Corp just purchased an additional $86,000 SOL worth approximately $9.5 million. Meanwhile, Andreessen Horowitz’s a16z just invested $50 million in the Jito Foundation, a Solana staking protocol.
This is great news for Solana-based projects, like Snorter Token ($SNORT), which is set to launch its trading bot on Solana – after its presale closes in just three days.
Solana Treasures holds $2.3 billion in $SOL
Collectively, the nine Solana treasury companies hold approximately $13.5 million SOL, valued at approximately $2.3 billion, a staggering 466% increase year-to-date.
Among them, Forward Industries acquired the largest amount of $SOL of $6.82 million, valued at approximately $1.2 billion today.
DeFi Development Corp follows with $2.19 million SOL ($389 million) and Upexi with $2 million SOL ($357.5 million).
A16z also supports Solana, but in a different way by leading the Jito Foundation funding round.
Jito powers a $3.2 billion liquid staking token and operates a validator client designed to optimize Solana’s high-speed performance.
In turn, the new capital will help expand its development tools, scale its infrastructure, and increase adoption of the Block Assembly Marketplace (a system designed to improve Solana’s efficiency and programmability).
Such support, whether through direct accumulation or corporate investments, strengthens Solana’s position as a trusted and 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
$SNORT is a pioneering crypto project set to launch Snorter Bot to facilitate fast and secure crypto trading.
Once launched this quarter, you will be able to immediately buy, sell, and mine tokens, all directly with the world’s fourth largest messaging app.
When purchasing $SNORT, it also promises to offer you fees as low as 0.85% on the network, making it a very profitable tool in the field.
After its initial debut with Solana, it will expand to support EVM-compatible chains, like Ethereum and Polygon. By doing so, you will be able to expand your portfolio beyond the top Solana meme coins and hopefully increase your returns.
The bot offers many features to help you increase your profits, including fast and secure swaps, automated sniping, limit orders, and a copy trading tool.
Safety is also high on his list of priorities. It will include built-in protections against rugpulls and honeypots to ensure a safe trading experience, while being protected by MEV.
Stake $SNORT and Earn Up to 107% APY Rewards
$SNORT unlocks access to a range of exclusive benefits across the entire Snorter ecosystem, not just low gas fees.
Holders face no daily shot limits, have access to advanced bot analytics, and can earn up to 107% APY through staking rewards.
Given these advantages, it is not surprising that $SNORT raised over $4.8 million in presale, despite being able to purchase the coin for as little as $0.1081.
Our Snorter Token price prediction projects $SNORT to reach $0.94 this year after trading, representing a 770% ROI from current levels.
It won’t be long before $SNORT is found on some of the top crypto exchanges, as this is the next step after its presale closes in just three days.
Buy $SNORT in presale before it’s too late.
Disclaimer: We are not financial advisors, so as always, DYOR and never invest more than you are willing to lose.
Written by Leah Waters, Bitcoinist –
Editorial process as Bitcoinist focuses on providing thoroughly researched, accurate and unbiased content. We follow strict sourcing standards and every page undergoes careful review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance and value of our content to our readers.
