Pantera Capital Bets Big on Solana with $1.1 Billion Investment
Pantera Capital has made Solana its top cryptocurrency investment, allocating $1.1 billion to the token. CEO Dan Morehead shared his thoughts on why Solana stands out.
In an interview with CNBC,Morehead praised Solana for being faster,cheaper,and higher-performing than other blockchains like Bitcoin and ethereum. He called Solana “the next big thing” in the crypto space.
Previously, Pantera Capital invested heavily in Ethereum and Bitcoin. But the company recently shifted its focus to Solana, sensing its potential for growth. With this importent investment, pantera Capital now owns approximately 4.6 million SOL tokens, making it possibly the largest holder of Solana.
- The company invested $5 billion of its funds in cryptocurrency.
- Solana’s platform can process thousands of transactions per second.
- Solana’s current market price is around $235.
Morehead highlighted Solana’s potential daily transaction capacity,surpassing that of all capital markets combined.Solana is also popular for meme coins and NFTs within the crypto community.
Currently, Solana has a total value locked in DeFi exceeding $12.75 billion. Its 24-hour DEX volume reaches $5.86 billion. Leading decentralized exchanges like Raydium, Jupiter, and Jito operate on Solana.
Despite a recent two percent dip, Solana’s price has risen by nearly ten percent in the last week. This momentum shows optimistic forecasts for Solana’s future value.
