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Institutional Solana Buys Lift SOL as Whale Moves Draw Notice; Snorter Presale Seizes Spotlight

Promotional coverage links confirmed accumulation to speculative presale pitches touting high yields.

Overview

  • Forward Industries announced a $1.65 billion private placement to build a Solana treasury, with Galaxy Digital, Multicoin Capital and Jump Crypto cited as providing capital and strategic support.
  • NewsBTC reported Galaxy Digital purchased about $326 million in SOL and still holds roughly $1.3 billion in cash and stablecoins, while a later Bitcoinist piece cited Lookonchain data alleging 5 million SOL bought in three days worth about $1.16 billion.
  • Whale Alert-tracked transfers moved about $1.2 billion in SOL between unknown wallets and Coinbase, though the on-chain activity does not by itself indicate trading intent.
  • SOL traded around $238–$242 after gains reported at roughly 20% over the month and about 21% over the week, with coverage citing a bullish pennant setup and rising TVL on Solana dApps.
  • Snorter Token’s presale was reported above $3.8 million at about $0.104 per token, with the project promoting a Telegram-based trading bot, third‑party audits by SolidProof and Coinsult, and advertised 120% APY staking.