Viewpoint: Although the “copycat season” has not yet arrived, institutional investors have begun to increase their holdings of SOL

Odaily News Nic Puckrin, co-founder of Coin Bureau, posted on the X platform that there is still a long way to go before the so-called "altcoin season". The current spot trading volume in the altcoin market is still lower than the levels in January 2025 and March 2024, and is far lower than the level in 2021.
However, some institutions have begun to increase their holdings of SOL before the arrival of the "altcoin season". For example, DeFi Development Corp's SOL holdings have exceeded US$100 million, and SOL Strategies has recently increased its holdings by more than 120,000 SOL. In addition, the growth of new developers on the Solana chain has just exceeded that of Ethereum, an increase of 83% year-on-year. Developers are choosing Solana. Currently, 65% of SOL is pledged and open positions are also rising.