According to Strategic Solana Reserve data, Forward Industries has accumulated 6.82 million SOL. Meanwhile, Sharps Technology collected 2.14 million SOL. Defi Development Corp and Upexi Inc hold roughly 2 million SOL each. 

In total, about 17 million SOL — valued at around $4.3 billion — has been accumulated. Additionally, Nasdaq-listed Helius Medical Technologies announced a $500 million treasury bond program focused on SOL. This strategy mirrors Michael Saylor’s corporate debt and equity issuance model for Bitcoin. 

Optimism in Options and Derivatives Markets 

Bullish expectations are rising in the SOL options market. The put-call premium ratio ranged between 14% and 57% last week, reflecting higher premiums for call options. 

Moreover, perpetual futures funding rates are around 8%. While leveraged buying remains limited, institutional accumulation lowers SOL’s risk profile, enabling investors to take safer positions. 

ETF Approval and Market Expectations 

The U.S. Securities and Exchange Commission (SEC) has introduced regulations that may accelerate spot crypto ETF approvals, boosting interest in potential Solana ETFs. 

Grayscale received approval to list its $930 million Digital Large Cap Fund, which primarily invests in Bitcoin and Ether but also includes smaller allocations to XRP, SOL, and Cardano. 

Currently, Solana ranks second with $14.6 billion in TVL and a staking yield of 6.8%, surpassing Ether’s 2.9%. In summary, if SEC approval is secured, SOL could reach $300. However, rival altcoin launches and broader market conditions may influence this outcome. 

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Buyback and Burn Plan

The WLFI team proposed that all fees from protocol-owned liquidity (POL) be used for token purchases. The acquired tokens will then be permanently burned, reducing circulating supply. The plan is designed to support long-term growth and increase investor confidence. POL fees on Solana, BSC, and Ethereum blockchains will be used in this process. Fees from community and third-party liquidity pools are not included. Community members had the right to vote for supporting the plan or keeping the fees in the project treasury. 

Community support was extremely high. So far, 4,924 votes have been cast, with 99.69% approving the plan and only 0.08% voting against it. If approved, the buyback and burn process will be scaled with additional revenue sources. According to the team, the community prefers that all WLFI POL fees be burned. 

Market and Price Movements

Past votes allowed WLFI to be traded alongside Trump family-backed projects. At the beginning of September, the token price dropped from $0.46 to $0.1632, then recently rose to $0.24. WLFI has also become the 30th largest cryptocurrency by market capitalization. Additionally, the community successfully completed an airdrop test for USD1 stablecoin distribution, delivering approximately $47 worth of USD1 to 85,000 WLFI holders. 

Saudi Arabia and $WLFI Real Estate

On September 13, 2025, Saudi Arabia permitted U.S. citizens to purchase real estate in the country using $WLFI. This decision is part of the kingdom’s strategy to leverage digital assets for economic growth and investment attraction. U.S. citizens can now buy property in Saudi Arabia with $WLFI, expanding the token’s utility and increasing investor interest. 

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The post WLFI News: Buyback, Burn, and Saudi Arabia Developments appeared first on Coin Engineer.