Solana

Value

Parabolic

Movement

DeFi

<h3 class="wp-block-heading" id="h-key-insights">Key Insights:</h3>
<ul>
 <li>Solana price trades near $239.50 with targets set at $263 and $320.</li>
 <li>DeFi Development Corp tops the Solana treasury list with $480 million in total holdings.</li>
 <li>Forward Industries is set to begin a $1.65 billion Solana treasury build.</li>
</ul>
Solana price is in the spotlight after new treasury data from Coingecko. DeFi Development Corp was listed as the largest SOL holder.
The company owns more than 2 million SOL valued at $480 million. At the same time, Forward Industries is drawing attention.
The firm has announced a $1.65 billion Solana Treasury plan that could change the current rankings.
<h2 class="wp-block-heading" id="h-defi-development-leads-solana-holdings">DeFi Development Leads Solana Holdings</h2>
The latest Solana treasury <a href="https://www.coingecko.com/en/treasuries/solana" target="_blank" rel="noopener noreferrer nofollow">list</a> from CoinGecko shows DeFi Development Corp at the top.
The company holds 2,027,817 SOL. The value is about $480 million, making it the largest single treasury firm in Solana today.
The list tracks seven entities in three countries with combined holdings of 6,507,062 SOL, valued at $1.54 billion.
This shows that a small group of companies accounts for a large part of <a href="https://www.thecoinrepublic.com/2025/09/07/sol-adoption-is-real-solana-bags-unusual-validation-amid-bloated-tps-criticism/" rel="noopener noreferrer nofollow">Solana’s reserves</a>.
Upexi comes in second place with 2,018,419 SOL, valued at $478 million. Sharps Technology is third with 2,000,000 SOL, valued at $474 million.
<div class="wp-block-image">
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 <img loading="lazy" width="670" height="655" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/09/image-513.png" alt="Solana Treasury Firms Rich List | Source: Coingecko">
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 Solana Treasury Firms Rich List | Source: Coingecko
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Notably, these three companies hold over 6 million SOL. This represents most of the tracked supply.
Other names on the list are smaller but still notable. SOL Strategies holds 370,420 SOL worth $397 million. Exodus Movement has 43,738 Solana worth $10 million.
Torrent Capital reportedly holds 40,439 SOL valued at $9 million. Lion Group Holding has the lowest balance, with 6,629 SOL worth about $1.5 million.
The treasury page shows how Solana is being adopted by both large and small firms.
In addition, the rankings may shift over time as companies adjust their positions, but DeFi Development currently holds a clear lead.
<h2 class="wp-block-heading" id="h-forward-industries-moves-with-1-65-billion-plan">Forward Industries Moves With $1.65 Billion Plan</h2>
It is important to state that while DeFi Development leads today, a new move could change the order.
<a href="https://www.thecoinrepublic.com/2025/09/08/forward-industries-confirms-1-65b-investment-in-solana-treasury-sol-surges-above-215/" rel="noopener noreferrer nofollow">Forward Industries</a>, with help from Galaxy Digital, has started building a Solana treasury worth $1.65 billion.
<div class="wp-block-image">
 <figure class="aligncenter size-full">
 <img loading="lazy" width="667" height="535" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/09/image-511.png" alt="The Forward Industries Solana Deal | Source: SolanaFloor">
 <figcaption>
 The Forward Industries Solana Deal | Source: SolanaFloor
 </figcaption>
 </figure>
</div>
Reports show that 1.81 million Solana, valued at $432 million, has already been purchased in the past 24 hours.
This is only about 26% of the planned amount. Once the purchase is complete, Forward Industries could surpass all existing holders by a wide margin.
Market activity shows the effect of this acquisition, with a recent rally in Solana price. Besides, SOL trading volumes are up 27%, crossing $11 billion.
At the same time, Forward’s stock price has jumped by 135% in one week. The scale of the investment has drawn attention from both the equity and crypto markets.
If the plan is fully carried out, Forward will become the largest holder of Solana. This would place the company ahead of DeFi Development and other firms currently on the treasury list.
<h2 class="wp-block-heading" id="h-solana-price-gains-with-institutional-interest">Solana Price Gains With Institutional Interest</h2>
It is worth mentioning that <a href="https://www.thecoinrepublic.com/2025/09/12/can-solana-price-hit-1000-this-cycle/" rel="noopener noreferrer nofollow">the price of SOL</a> is moving higher as these treasury announcements unfold.
The Solana price recently broke above the $229 level and is trading near $239.50. This price movement comes as buying pressure continues to grow.
Charts show that the next price target could be near $263. If momentum continues, Solana price might reach as high as $320.
Support is expected near $220, with a deeper level at $200 if the market faces unexpected pullbacks. As of writing, it was trading at $239, up 5.48% in 24 hours.
In addition, trading indicators also show a positive trend. The Parabolic SAR has turned bullish.
This suggests that buyers remain in control. Trading volumes are rising, which supports the current price action.
Solana’s network activity is also growing. The Total Value Locked in its ecosystem has now passed $17 billion, setting a new record. This reflects the wider use of Solana in decentralized finance.
Forward’s large-scale purchase and the strong showing in the treasury rankings have placed Solana in the spotlight.
Both the holdings data and the <a href="https://www.thecoinrepublic.com/2025/09/10/solana-price-at-6-month-high-dominance-jumps-above-3/" rel="noopener noreferrer nofollow">price movement</a> suggest that institutions are playing a bigger role in shaping the position of Solana price.
The post <a href="https://www.thecoinrepublic.com/2025/09/13/solana-price-in-focus-as-sol-treasury-rich-list-unveiled-here-are-the-rankings/" rel="noopener noreferrer nofollow">Solana Price in Focus as SOL Treasury Rich List Unveiled, Here Are The Rankings</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Solana Price in Focus as SOL Treasury Rich List Unveiled, Here Are The Rankings

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