Solana’s out to rebuild a digital empire, and it’s doing it from an office building in Lower Manhattan.
Having a physical headquarters might seem a bit counter-intuitive for a company focused on digital assets. But the move is fueling an ongoing shift at Solana Labs, from Solana the meme coin chain to Solana as a serious, ‘Wall-Street-ready’ DeFi chain.
The offices opened back in 2023, and Solana Labs uses them as a staging board where potential partners and investors can come visit and chat directly with Solana’s devs.
The move is paying off; even as more and more companies adapt a ‘Bitcoin reserve’ strategy to use with $SOL.
What does it all mean? Even as Solana takes aim at becoming the go-to blockchain for finance, top crypto presales set out to build on the blend of memes and finance provided by the Solana chain.
Solana: Go-To Blockchain for Finance?
Major companies like Upexi, Inc ($UPXI) are taking Michael Saylor’s Bitcoin reserve strategy and applying it to Solana.
Upexi purchased 77,879 $SOL, giving it a total of 679,677 $SOL valued at $121M.
The company has gained roughly $24.5M from token appreciation so far, aided by a good month, performance-wise, from $SOL itself.
Upexi isn’t the only company looking to capitalize on Solana’s success:
- SkyBridge Capital, led by Anthony Scaramucci, poured $50M into a Solana Staking ETF in Canada
- Apollo and Securitize partnered to launch tokenized credit funds on Solana and other blockchains
- SOL Strategies announced a $500M investment to facilitate SOL token acquisitions and partnerships
- Classover, an education company, will issue up to $500M in convertible notes to build a SOL treasury
That’s a lot of money starting to pour into Solana’s potential as a financial tool, instead of a simple platform for spamming new meme coins.
Of course, degens being what they are, meme coins are still being spammed.
A lot of them. A million of them, actually, just in May alone on Solana.
Most of those launches fail almost immediately. But the sheer volume of new tokens launched demonstrates continued interest in Solana’s speed and low fees, ideal factors for meme coin success.
With a pump.fun token launch likely incoming, it’s not like Solana’s abandoning the meme coin world altogether. Instead, some of the most promising new crypto projects bring both sectors together.
Snorter Token ($SNORT): Find 100x Opportunities On Telegram with Snorter Bot
With so many tokens launching all the time, the question isn’t ‘will there be a 100x token.’ The real question is – how do you find it?
That’s where the Snorter Token ($SNORT) and the Snorter Bot come in.
Tons of Solana meme coins never make it to big CEX listings or major news coverage. Instead, they’re traded on Telegram groups. If they do make it big, the best opportunities for buying low and selling high are long gone.
Finding these underground opportunities takes a lot of effort, but thankfully, the Snorter Bot simplifies it all.
Safety features like honeypot detection and rugpull alerts help minimize losses, while automated sniping and copy trading let you sniff out and snag the best opportunities.
It’s all powered by the $SNORT token, the native utility token for the Snorter Bot.
This isn’t a meme coin; it’s a sophisticated trading bot designed to sort through the millions of Solana memes and find the real winners. That utility is driving a wave of interest in $SNORT, with well over $400K raised so far.
The presale is in the early days, which makes it the perfect time to buy and stake your $SNORT tokens for an estimated 735% dynamic APY. Buy and stake now, claim your rewards at the token launch, and they’ll be disbursed block-by-block over the next year.
A full quarter of the token supply is reserved for product development, powering $SNORT into the future of Solana’s meme coin development.
Will the Snorter Bot Bridge the Gap Between Memes and Finance?
With millions of dollars flowing into Solana and the $SOL token as a strategic reserve, there’s room for a token that stays true to Solana’s meme coin roots while also looking to the finance future.
Do your own research – you’ll need to decide for yourself.
But given Solana’s trajectory, $SNORT could be positioned perfectly. Don’t miss out.
