Solana (SOL) Foundation sells SOL to multiple companies at discounted prices

Source
JH Kim

Summary

  • The Block reported that the Solana (SOL) Foundation sold SOL to multiple companies at discounted prices.
  • An anonymous source said that the DAT's 'mNAV' decline and the relative decrease in SOL DAT value were pointed out.
  • Some said that the increase in SOL buyers is positive for ecosystem expansion.

On the 9th (local time), according to crypto-focused media The Block, the Solana (SOL) Foundation sold SOL to several companies at discounted prices, and it was found that the number of SOL digital asset treasury (DAT) firms reaches dozens.

An SOL DAT official who requested anonymity said, "Supporting numerous DATs is not very meaningful," and pointed out that 'mNAV', which compares a DAT's share price to the market value of the corresponding crypto asset, is falling. This suggests that relative value has declined due to the recent surge in SOL DATs.

However, some view the increase in SOL buyers as positive for ecosystem expansion. Meanwhile, it is not known what specific discount rate the foundation applied.

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JH Kim

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