Solana Falls 10% Despite DeFi Development Corp's $5 Billion Treasury Plan

  • Solana (SOL) saw a significant price drop of 10% on Thursday, despite a bold move by DeFi Development Corporation (DFDV) to expand its investment in the cryptocurrency. The Nasdaq-listed firm reveal a new equity line of credit (ELOC) agreement worth up to $5 billion with RK Capital Management, aiming to grow its SOL treasury.