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Forward Industries has successfully raised $1.65 billion to establish one of the largest Solana-centric treasuries to date. This funding round, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, triples the size of the existing Solana reserves. As a result, Solana is gaining significant attention from institutional investors in the growing digital asset market.
Kyle Samani of Multicoin Capital has become a board member of Forward, and Galaxy Digital will support it with infrastructure and trading. This collaboration has reinforced confidence in Solana's place in institutional portfolios. Other firms, including Nasdaq-traded SOL Strategies, are also expanding holdings, which indicates a wider shift to formal Solana adoption in corporates.
Solana price has been consolidating around $197.64, which is within a support zone of about $200. Market analysts observe that there is an increasing trend of an ascending triangle in the market between the ranges of $200 and $210. Given that the trading volumes rise, it is projected that they will break out to the range of $240 to $255. The formation of a symmetrical triangle contributes to this technical perspective, and the maximum could be increased to $290 when the lost support of $210.85 is regained.
The outlook is backed by on-chain activity. In July 2025, Solana recorded over 1,300 transactions per second, and massive transfers by giant whales (such as a 12M SOL transfer to Kamino Finance) indicate active collection. Good participation has also been recorded in this network, where the authors have launched over 53,000 new tokens within a day.
Also Read: Crypto News Today: Solana Treasury Fund, SEC Review of Staked INJ ETF, & Stablecoin Yield Concerns
The growth of Forward Treasury has increased liquidity and formed a direct connection between the share's performance and Solana's market strength. Conceptual institutional adoption is no longer hypothetical but rather functional, as in the relationship between Forward's equity and Solana's price fluctuations.
Technical enhancements such as the Alpenglow release have continued to improve the network fundamentals to 100 milliseconds finality and 10,000 TPS throughput. Analysts, however, warn of a larger inflow of exchange and valuation risks that may cause short-term redress in the event of impaired buying momentum.
