In a bold move similar to Strategy’s $BTC playbook, DeFi Development (formerly Janover) announced a $100M convertible note offering yesterday to fund large-scale purchases of $SOL.
Such a move could significantly boost investor appetite for $SOL. It may also act as a powerful catalyst for top Solana-based altcoins.
DeFi Dev Plans Stock Buybacks for $100M $SOL Raise
A portion of the proceeds raised from the $100M will be allocated toward stock buybacks through a prepaid forward transaction.
Basically, it’s a risk-management strategy designed to offset dilution from the offering.
Its crypto playbook is similar to Strategy in the sense that it’ll sell equity to buy crypto. But the asset of choice isn’t $BTC this time around, it’s $SOL.
Known as the ‘Ethereum killer,’ Solana remains popular among retail and DeFi users. However, it has so far lacked strong institutional backing compared to Ethereum and Bitcoin.
Yet, the market’s reaction to the big $SOL announcement wasn’t glowing. Within thirty minutes of announcing its plans to accumulate more $SOL on X, DeFi Development’s stock price dropped by 9% in after-hours trading.
This sharp decline reveals skepticism among investors who might be wary of $SOL’s recent market volatility. Over the past 24 hours alone, its trading volume has dropped by over 40%.
That said, large institutional buy-ins, such as DeFi Development’s, could be precisely what $SOL needs to find its footing.
The company’s $100M approach, which came after the SEC rejected its earlier attempt to raise $1B $SOL via securities sales, suggests it’s in it for the long haul.
If DeFi Development’s plan pans out, it doesn’t just suggest a rosy future for $SOL but also Solana-based coins like Snorter Token ($SNORT), Grass ($GRASS), and BIO Token ($BIO).
Reason being is that it could drive liquidity, visibility, and developer activity across the entire network.
1. Snorter Token ($SNORT) – Supercharges a Telegram Trading Bot That’ll Sniff Out Solana Gems
Don’t be fooled by the cartoon aardvark. Snorter Token ($SNORT) is more than just another meme coin; it powers Snorter Bot, an advanced Telegram-based trading assistant launching on Solana in Q3 2025.
Built for speed and precision, Snorter Bot sniffs out the best Solana meme coins, manage your crypto portfolio, and automates strategies seamlessly on a unified Telegram interface.
Boasting the highest speeds and lowest fees at 0.85% on Solana, it’s built to outperform competitors like Maestro, Trojan, Banana Gun, and Bonk Bot.
Moreover, it’s backed by MEV-protection and 85% accurate rug-pull detection, so you can rest easy knowing that your trades are safeguarded against frontrunning and scams.
It’s also getting set to launch across major EVM-compatible chains, as part of its plan to become a multi-chain trading powerhouse.
To deploy the bot on day one, you can purchase $SNORT on presale for just $0.0969. With top exchange listings ahead, it’s projected to reach 0.94%, and achieve possibly gains of up to 868%.
2. Grass ($GRASS) –Solana’s Decentralized Web Crawler Spikes Over 17%
Also making waves in the Solana ecosystem is Grass ($GRASS), which is up by over 17% compared to yesterday.
$GRASS attracts the eyes of investors by building the first open, internet-scale web crawl.
In a nutshell, it leverages a network of over 3M users who run nodes to collect vast amounts of public web data for AI models.
It challenges the current landscape, where only a few large companies, such as Google (with Googlebot) and Microsoft (with Bingbot), control extensive web crawling capabilities. Instead, it relies on user participation instead of corporate control.
The initiative seeks to replace these centralized entities by creating a user-owned knowledge graph of the entire internet.
You can contribute by downloading and running the Grass application to share your unused internet bandwidth.
In return, you’ll earn ‘Grass Points,’ which track your contributions. These points will then be converted into $GRASS, typically through airdrops.
You can also boost your earnings by referring new users to the platform, partaking in community activities, and maintaining consistent uptime for your node.
Get involved by purchasing $GRASS for approximately $1.13 on some of the best crypto exchanges, including MEXC and Bybit.
3. BIO Token ($BIO) – Aims to Make Science Funding More Transparent & Efficient
BIO Token ($BIO) is a multi-chain asset held across Solana, Ethereum, and other major networks. As a result, it offers you broad access to the fast-growing decentralized science (DeSci) movement.
Following the news of DeFi Development’s $SOL acquisition, its native token, $BIO, is up by roughly 10%.
Fueling its popularity is BioDAO, a community-governed initiative that funds early-stage biotech and scientific innovations.
Once you hold $BIO, you can vote on grant proposals and help fund promising scientific research. When a project is successful, it may generate valuable intellectual property (IP) or products.
Then, the proceeds flow back into the BioDAO treasury, creating a self-sustaining cycle that continuously funds the next wave of biotech innovation.
By doing so, it aims to challenge traditional, centralized models of scientific funding, which are dominated by governments, universities, and large corporations.
It’ll also make science more transparent, efficient, and globally inclusive, unlocking innovation at scale that traditional systems often stifle.
Join the movement by purchasing $BIO on top exchanges like Binance and OKX for roughly $0.05196.
$100M $SOL Bet Might Send Ripples Through Solana
Another day, another company goes all in on crypto. But this time, it’s not $BTC or $ETH in the spotlight, it’s $SOL.
With DeFi Development pledging $100M toward $SOL purchases, the so-called Ethereum Killer may finally get the institutional attention that it has long been denied.
Despite an initially lousy market reaction following the move, this move could lay the groundwork for heightened buzz across the Solana ecosystem.
If that plays out, the biggest beneficiaries might not just be $SOL but also coins that leverage the Solana network, such as $SNORT, $GRASS, and $BIO.
Don’t forget to DYOR and invest only as much as you can afford to lose. This is not financial advice.
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