Is This the Start of a Solana Gold Rush?

Group 1 - Solana is experiencing a significant accumulation of its coins by dedicated digital asset treasury companies, which have acquired approximately 6.3 million Solana coins, representing over 1.6% of the circulating supply and more than half of all coins held in corporate treasuries [1][2][5] - The recent approval of the first Solana exchange-traded fund (ETF) by U.S. regulators is expected to attract new buyers, including asset managers and retirement accounts, contributing to a potential surge in demand for Solana [2][4] - The rapid accumulation by treasury companies indicates a bullish sentiment towards Solana, as these entities can concentrate ownership quickly and generate hype through large purchases [4][5][6] Group 2 - The available float of Solana for public trading is 546.6 million coins, making the recent acquisition of 6.3 million coins by treasury companies significant in a short time frame [5][6] - As more Solana coins are locked away in treasuries, the circulating supply available for purchase decreases, leading to increased competition among buyers and potentially driving prices higher [6][7] - The trend of digital asset treasury companies buying Solana is expected to continue, with the possibility of more treasury businesses entering the market and existing companies raising additional capital for further purchases [5][6]