TLDR
- Solana is trading above $100, up over 24% in the past week and 43% in the past month
- DeFi Development Corp (DFDV) bought 19,000 SOL at an average price of $98.14
- DFDV now holds over 2.3 million SOL as a long-term treasury asset
- A whale purchased roughly $13.2 million worth of SOL in the past week
- Analysts are watching $120–$130 as the next key resistance zone, with $150 as a broader target
Solana (SOL) has climbed back above the $100 mark after months of weaker price action. The move has caught the attention of institutional buyers and large investors alike.
SOL is trading around $101–$103 according to recent data from Brave New Coin. The coin is up over 24% in the past week and 43% over the past month, making August its strongest month since 2024.
DeFi Development Corp (DFDV), one of the largest Solana treasury firms, confirmed it has resumed buying. The company purchased 19,000 SOL at an average price of $98.14, partially funded through proceeds from the sale of its ZeroStack position.
DFDV now holds just over 2.3 million SOL. The company said the purchase reflects its intention to “take advantage of improving market conditions and continue scaling its treasury.”
The firm plans to hold SOL as a long-term treasury asset and deploy it through staking and onchain treasury infrastructure.
DFDV’s stock responded positively. Shares rose over 12% on the day of the announcement and are up over 23% in the past week. The stock is still down about 3% year-to-date, while SOL is down 45% from its 2026 highs.
Whale Activity Supports the Move
Large wallet activity is adding weight to the recovery. Wallet data shared by analyst Ted Pillows shows one whale bought roughly $13.2 million worth of SOL over the past week, with several large transfers originating from Binance.
A whale has bought $13,200,000 in $SOL since last week.
Accumulation. pic.twitter.com/Cf88RB8ynW
— Ted (@TedPillows) August 26, 2026
That kind of buying at a key technical level suggests larger participants are positioning into the recovery, not just reacting to short-term price movement.
Coin Bureau, a well-known crypto analyst account, highlighted the rally on X, noting that Solana surged around 13% in one day and roughly 50% through August. They pointed to the SIMD-0550 governance proposal as a key driver, which would cut SOL issuance and increase the burn rate — potentially creating a supply squeeze.
🔥BULLISH: Solana is EXPLODING, surging 13% today and about 50% in August for its strongest month since 2024.
The rally comes as Solana votes on cutting issuance and burning more $SOL, potentially triggering a supply squeeze.
Notably, Nasdaq-listed DeFi Development Corp. bought… https://t.co/fRjAD9l3CP pic.twitter.com/b4EggMjEMl
— Coin Bureau (@coinbureau) August 27, 2026
Analysts Eye $120–$130 Next
Analyst Jesse Peralta identifies $120–$130 as the next major resistance zone if SOL holds the $100–$103 breakout. A successful retest of that base would strengthen the setup.
Analyst Investor Jordan, who had been bearish on SOL since January 2025, says the setup is becoming more interesting. He now sees $140–$150 as a potential target if price holds above $100.
The $150 level, specifically around $150.36, is also flagged by analyst Skyline as a key higher-timeframe resistance zone.
SOL is currently trading around $101–$103. The SIMD-0550 vote on cutting issuance and increasing burn rate remains a live catalyst for the coin.
