Wall Street Stealthily Gathers $1.7 Billion in Solana Holdings

Solana Token Holdings: Approximately 1.44% of Solana's total circulating supply is staked, with major holders including Sharps Technology and Upexi, controlling significant amounts valued at over $1.6 billion.

Top Institutional Holders: The largest holders consist of firms like Sharps Technology (2.14 million SOL) and Upexi (2 million SOL), alongside others such as DeFi Development Corp and Mercurity Fintech.

Staking Returns: About 585,000 SOL has been staked, yielding an average annual return of 6.86%, which provides institutions with both income and growth potential in the network.

Market Performance: As of the latest data, Solana's price increased by 2.3% to $207.75, indicating growing institutional interest and solidifying its status as a prominent blockchain in the market.