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Galaxy, Jump and Multicoin join forces for $1b Solana buy

August 25, 2025 0

Key Points Galaxy, Jump, and Multicoin aim to raise $1 billion in Solana with Cantor Fitzgerald as lead banker. The Solana Foundation supports the effort. Rivals like Defi Dev, Accelerate, and SOL Strategies are also racing to the $1 billion treasury mark. Solana trades under $200, with bearish momentum but oversold conditions hinting at a possible rebound. Institutional demand suggests …