Solana (SOL) has been crashing over the last 24 hours, following a broader market plunge fueled by hot inflation data. In particular, data released on August 14 showed that the U.S Producer Price Index (PPI) rose to 3.3% year-on-year in July. This data, which came in hotter than the expected 2.5%, has since caused turmoil across the market, without sparing Solana.
However, amid the dip, DeFi Development Corp (DFDV) – a Solana treasury firm has taken the opportunity to stack more SOL. As per reports, the firm added a total of 110,000 Solana tokens to its treasury on August 15.
DeFi Dev Corp Now Holds SOL Worth $273M
As announced on X, DeFi Dev Corp purchased 110,000 Solana worth for its treasury as SOL dipped following hot PPI data. These tokens were purchased for $22 million, as per the official press release. The firm now holds a total of 1,420,173 SOL worth approximately $273 million after the recent stack.
1/ Today, we announce that we've grown our treasury holdings by 110,000 $SOL, bringing our total balance to 1,420,173 SOL ($273M)! 🚀
This latest purchase means $DFDV's SOL Per Share (SPS) has advanced +48% over the past 30 days to 0.0675 SOL. 🧵 pic.twitter.com/CPhlbBL2zy
— DeFi Dev Corp. (DFDV) (@defidevcorp) August 15, 2025
DeFi Dev Corp also confirmed that the recent purchase has resulted in a surge in its SOL Per Share (SPS). Since August 4 2025, the firm’s SPS has grown by 9%. Additionally, the SPS has also grown by +48% over the last 30 days alone.
“Our current $SOL Per Share (SPS) of 0.0675 marks a +9% increase from our latest August 4 reading, as well as a +48% increase over the past 30 days,” DeFi Dev Corp wrote.
This Solana treasury company makes sure that all new added coins are staked immediately. This helps earn yield while securing the Solana network.
The purchase of $22 million-worth of SOL by DFDV has further triggered speculations across the market. With the price struggling, some market players speculate that the large purchase could be preparation for a big boom. For instance, one X user namely SolStart, with over 20K followers, speculated; “Sol to the moon…dfdv knows what’s up.”
A ‘Final Buy-the-Dip’ Before $360?
In a recent post, Ali Charts claimed that Solana could give investors one last chance to buy-the-dip before making a parabolic rally. The analyst targets that the coin could surge to $360 this cycle.
“Solana $SOL may offer a final buy-the-dip chance before targeting $360!,” Ali wrote.
His prediction stems from the formation of a symmetrical triangle pattern on SOL’s 12-hour chart. While this pattern often calls for investors to ‘wait for a clear breakout’, Ali believes that Solana will rally towards the 1.786 Fibonacci level.
While SOL is currently down to $184, marking a 5.6% dip on the day as per data by CoinMarketCap, other analysts are also optimistic. Crypto analyst TraderSz, for instance, predicts that Solana could rebound soon.
Nonetheless, a Solana rally to $360 will require favorable market conditions to prevail. More accumulation by Solana treasury companies could also fuel the rally. However, traders and investors must brace for volatility along the way.
