Institutional money continues to accumulate in Solana even as the broader crypto market cools, putting a new emphasis on the most liquid coin exchanges on-chain.
A newly rebranded public company focused on Solana (ticker: HSDT) said Friday it has added Coinbase, BitGo and Anchorage Digital as custodians while continuing to build a SOL-denominated corporate treasury.
The move, announcement to 8 a.m. ET, highlights how the institutional infrastructure around Solana is growing at a time when crypto prices have declined over the past 24 hours.
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How is Solana expanding its treasury and core infrastructure?
Bitcoin fell to low $117,559, while Solana hovered nearly $210-215 as of October 10.
Bitcoin and large-cap tokens were mostly lower ahead of Friday’s US session. Headlines reported a late-week decline following Bitcoin’s record high earlier in the week.
“Bitcoin volatility is ready to burst,” said Nick Forster of Derive, highlighting the increase in implied volatility as expirations progress.
Despite this, Solana’s core infrastructure continues to expand. The new HSDT update adds multi-depository support, a feature that institutions often need, and coincides with the continued accumulation of SOL on its balance sheet.
The company points to on-chain metrics from Solscan and Messari showing high throughput and a stable base of active users, all strengthening Solana’s case with cash allocators.
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Why Do BONK, WIF, and BOME Dominate the Solana Meme Coin Market?
Bonk (BONK) is Solana’s leading “dog coin,” widely listed on major exchanges.
It holds a market cap near $1.36 billion, with $275 million in 24-hour volume, down about 6-7% over the past day, according to CoinGecko.
(Source: Coingecko)
BONK deserves its place as a reference in terms of Solana liquidity.
Deep order books and strong visibility make trading easier, even when markets are difficult.
Dogwifhat (WIF) remains a crowd favorite with strong derivative action. It is valued at approximately $667 million, with a daily trading volume of over $200 million.
(Source: Coingecko)
Prices have fluctuated this week, but activity remains high. This consistent turnover and depth on exchanges keeps WIF among the most actively traded Solana memes, especially for short-term and momentum traders.
BOOK OF MEME (BOME) is an artist-led project widely listed in the exchanges.
The token is trading at nearly $0.0015, with a daily volume of around $36 million and a market value between $800 million and $900. million.
(Source: Coingecko)
Its weekly performance has been uneven, but consistent activity and a strong community maintain stable liquidity against new Solana meme coins. This stability helps maintain clearer price discovery, especially when markets become cautious.
The general tone of the market remains discreet. Bitcoin is consolidating and altcoins are showing mixed developments.
In this scenario, HSDT’s latest custody expansion stands out because it highlights who is currently buying Solana, primarily institutional allocators and public market investors through listed funds, not just crypto-native players.
These investors generally think over longer time frames and focus less on short-term price fluctuations.
This is a good fit for Solana, whose main strength still lies in its on-chain business, high throughput, and consistent user engagement.
For traders seeking exposure to the more volatile side of Solana, liquidity is still concentrated in a few names: BONK, WIF and BOME. These tokens remain the most active entry points for those wishing to trade higher risk Solana assets while major cryptocurrencies remain stable.
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The article Crypto Down but Solana Treasuries Expanding: 3 Best Solana Meme Coins to Buy appeared first on 99Bitcoins.
