Fundamentals On-Chain got a major confidence vote on Thursday as Florida-based Defi Development Corp (DFDV) advertised that it had expanded its sun
Treasury by acquiring 17,760 extra tokens. The purchase, which was appreciated at about $ 2.72 million, was carried out at an average price of $ 153.10 per year. Token. This step is in accordance with the company’s specified long -term strategy of the composition of SOL HOLDINGS and PLAINS.
After this acquisition, Defi Dev Corp’s total possessions reached the 640,585 Sun and Sun equivalents, representing a US dollar value of about $ 98.1 million. Based on the company’s last reported a total of 14,740,779 outstanding shares, the current Sol-Per stock (SPS) Stands at 0.042 or approx. $ 6.65 per Stock using today’s price data.
All newly acquired sun will be set with a number of validators, including Defi Dev Corp’s own infrastructure on the Solana network. This approach enables the company to earn native yields through poorer wages and validator fees, while it directly contributes to Solana’s decentralization and operational resilience.
Defi Dev Corp has positioned itself as the first public company to make Solana the central piece for its treasury strategy. In addition to accumulating and putting the sun it is also actively engaged in decentralized funding (Defi) Opportunities and the participation of the ecosystem. The company’s Treasury strategy offers shareholders direct financial exposure to the token, while supporting Solana’s application’s development.
At the time of writing, Sun traded around $ 150.75, dropped 1.6% in the last 24-hour period, according to Coindesk Research’s technical analysis model. Meanwhile the wider crypto market, as the target of the Coindesk 20 index (CD20)has risen 0.13% in the same period.
Technical analysis highlights
- Sun ranged from $ 156.28 to $ 150.04 between July 2, 17:00 and July 3, 16:00, which reflects 4.15% volatility.
- Strong resistance formed to $ 156 in the early trade times when the volume above average triggers a reversal.
- The price fell under key support to $ 152 over the course of 12: 00–15: 00 -period, and settled at $ 150.44.
- In the last hour (15: 16–16: 15 UTC)Sun dropped 0.63% from $ 151.85 to $ 150.89.
- A sharp sale happened at. 15:35 UTC, with the price dropped to $ 150.44 on high volume (213.6K).
- Support emerged at $ 150.35 with increasing purchase activity and a modest recovery in the last minutes.
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