#Altcoin Market Rebound#

The price of the Solana blockchain token (SOL) has increased by more than 20% over the month, mirroring the delayed rise of Ethereum (ETH), which briefly surpassed its historical maximum last summer. The strengthening of SOL is accompanied by the same fundamental factors that previously supported the prices of Bitcoin and Ethereum.
As of September 8, SOL is trading at $216 and ranks sixth on CoinMarketCap with a market capitalization of over $117 billion. Since April, when the price of SOL briefly fell below $100, its value has more than doubled. The historical maximum of the Solana token was recorded in early 2025 at $295.
Additional support for the asset is provided by expectations for the launch of spot exchange-traded funds (ETF) based on Solana, similar to those already operating with Bitcoin and Ethereum. There is also a growing interest in the market from public companies forming crypto reserves with a focus on SOL.
On September 8, investment firms Galaxy Digital, Jump Crypto, and the venture crypto firm Multicoin Capital invested $1.65 billion in the American Forward Industries ( ticker FORD on NASDAQ). This is the largest funding for a public company working with Solana to date. The company will change its direction, accumulate SOL tokens, and launch an active participation strategy in the Solana ecosystem and its protocols. FORD shares soared 120% immediately after the news of the investments.
After the deal was closed, the chairman of the board of directors of Forward became Kyle Samani, the managing partner of Multicoin Capital — one of the first investors and a long-time supporter of Solana. His fund is known for investing in dozens of crypto projects, including the SOL token itself and projects within the Solana ecosystem.
The new deal is part of a global trend that developed in 2025. Publicly traded companies began adding various cryptocurrencies as reserves, following the model implemented by Michael Saylor for MicroStrategy in 2020. They are referred to as Digital Asset Treasury Companies (DATCO). Essentially, the shares of such companies provide investors with access to cryptocurrencies with the liquidity of the traditional market.