Haciyev Reşit 
A significant development that has sent ripples through the crypto market has emerged. Kyle Samani, co-founder of Multicoin Capital, is set to head a massive Solana treasury backed by Galaxy Digital and Jump Trading. The planned fund is expected to reach $1 billion, potentially becoming the largest Solana treasury ever created.
The Largest Solana Treasury to Date
The new treasury will be established through the acquisition of a publicly listed company. Although the deal is not yet finalized, the planned fund size would more than double the NAV of Upexi—currently the largest known Solana treasury at $400 million. This initiative will play a critical role not only in terms of scale but also in providing liquidity and confidence to the Solana ecosystem.
Kyle Samani is considered the strongest candidate to chair this initiative. Combining Multicoin’s experience in the crypto ecosystem, Galaxy Digital’s institutional financing capabilities, and Jump Trading’s market-making expertise could create the strongest support package for Solana to date.
Strategic Importance for Solana
Solana has recently become one of the most prominent blockchain projects due to its high transaction speed, low costs, and growing DeFi and NFT ecosystem. A treasury of this magnitude will:
- Increase liquidity, accelerating ecosystem growth.
- Provide funding for developer incentives and new projects.
- Make Solana a more reliable option for institutional investors.
Given recent network stability upgrades and a growing user base, this fund could mark a pivotal moment for Solana.
Potential Impact on SOL Price
Markets generally perceive the creation of such large funds as a positive signal. The announcement of a $1 billion Solana treasury could boost investor confidence, putting upward pressure on SOL prices in the medium to long term. However, since the deal has not yet closed, short-term uncertainties remain.
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