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Sol Strategies purchased validators for four networks including Solana for nearly $18 million.

2024-11-14 21:31:37

SOL-0.77%

SUI-1.05%

ARCH-0.49%

ETH-1.26%

According to Golden Finance, Sol Strategies, an investment company led by Leah Wald, former boss and co-founder of Valkyrie Investments, has purchased validators for four networks including Solana for nearly $18 million.
The company will purchase validators for Solana (SOL), SUI, Monad, and ARCH networks from Cogent Crypto, with the majority of the funds focused on SOL. validators are entities that process transactions and help maintain the security of proof-of-stake blockchains (such as Solana and Ethereum) by staking or staking a certain amount of network Cryptocurrency.
TradingView data shows that the stock price of Sol Strategies has pumped more than 900% this year, while Solana has pumped 113%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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