Overview

• On-chain data cited by reporters shows whales accumulated about $381 million in SOL over the past week as the token traded around the mid-$200s.
• Galaxy Digital executed a reported $306 million single-day SOL purchase and amassed more than 6.5 million SOL in five days, later moving holdings to custodian Fireblocks.
• Forward Industries completed a $1.65 billion private placement to build a Solana-focused treasury, with leadership moves including Kyle Samani as chairman and observer roles for Galaxy Digital and Jump Crypto executives.
• Analysts say large treasury builds and rapid on-chain accumulation are reducing circulating supply, with many targeting the $250 level for SOL in the near term.
• Retail-facing coverage is promoting the MAGACOIN FINANCE presale with claimed audits and more than $15 million raised, though these assertions come from promotional sources with limited independent verification.