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Pantera’s $1.25B SOL Bet: Analyst Sees Solana Hitting $300

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Solana SOL $189.3 24h volatility: 5.3% Market cap: $102.44 B Vol. 24h: $9.95 B turned bearish alongside the broader market in the past 24 hours, dropping 7% and trading at near $189. Despite the dip, prominent analysts are confident in the token’s long-term trajectory.

Interestingly, the surge in volatility follows major corporate entities contemplating investment in the SOL token in one form or the other.

Pantera Capital’s Bold $1.25B Solana Treasury Plan

Pantera Capital is reportedly seeking to raise up to $1.25 billion to transform a Nasdaq-listed firm into Solana Co., a public vehicle designed to accumulate Solana tokens as treasury assets.

The initiative would begin with a $500 million raise, followed by $750 million through warrants.

This comes after Pantera disclosed it has already deployed $300 million into digital asset treasury (DAT) firms across various tokens and geographies.

Long-Term Merit Is Crucial

Pantera emphasized that the long-term merit of the underlying token is the key factor for DAT’s success.

Currently, its portfolio spans eight projects, with Solana playing a central role alongside investments in Twenty One Capital, DeFi Development Corp, and Sharplink Gaming.

Pantera also recently backed Sharps Technology, a Solana treasury vehicle seeking more than $400 million.

Institutional Momentum Is Building

On Aug. 26, a report claimed that Galaxy Digital, Jump Crypto, and Multicoin Capital are collaborating on a $1 billion digital asset treasury plan focused on Solana.

The firms, with Cantor Fitzgerald as lead banker, are expected to finalize the acquisition of a public company to execute this strategy by early September. The Solana Foundation is also backing the initiative.

Analyst Ali Martinez: Buy the Dip or Breakout

Crypto analyst Ali Martinez remains bullish, keeping his $300 target intact despite the 7% daily pullback.

According to Martinez, SOL faces a critical zone between support at $176 and resistance near $207. “Buy the dip at $176 or the breakout at $207. Target stays $300,” he wrote.

Martinez’s chart suggests that if Solana can hold its ascending trendline and break above the $207 resistance, Fibonacci extensions point toward higher levels, with key targets at $250, $277, and ultimately $321, making SOL one of the best crypto to buy in 2025.

The post Pantera’s $1.25B SOL Bet: Analyst Sees Solana Hitting $300 appeared first on Coinspeaker.

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