{"id":48846,"date":"2025-09-22T14:46:51","date_gmt":"2025-09-22T14:46:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48846"},"modified":"2025-09-22T14:46:51","modified_gmt":"2025-09-22T14:46:51","slug":"first-solana-treasury-is-live-in-south-korea-will-sol-usd-reclaim-250","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48846","title":{"rendered":"First Solana Treasury is Live in South Korea: Will SOL USD Reclaim $250?"},"content":{"rendered":"
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First came Michael Saylor with MicroStrategy, launching a Bitcoin treasury. Soon, public firms explored Ethereum, and as of late September 2025, the first Solana treasury is now live in South Korea. Although the launch coincides with SOL USD falling, this development could provide the tailwinds to lift SOL USDT above $250.<\/span><\/p>\n

At press time, the Solana price is steady but hasn\u2019t been spared the market-wide sell-off. Although the uptrend remains, there needs to be a conclusive close above September highs at around $250. If SOL bulls take charge, SOL USD could extend the gains from early July. According to Coingecko, the Solana price is up a decent +53% in the past year and +10% in the last month of trading.<\/span><\/p>\n

\"DeFi<\/p>\n

(Source: <\/span>Coingecko<\/span><\/a>)<\/span><\/p>\n

On Coinglass, Solana traders on leading perpetual exchanges are still bullish. For example, the long\/short ratio on Binance is above 2.7, suggesting that most traders are bullish and expect SOL USD to shake off recent weaknesses. At the same time, there have been decent inflows on spot exchanges in the past few hours, pointing to possible accumulation at lower prices.<\/span><\/p>\n

\"DeFi<\/p>\n

(Source: <\/span>Coinglass<\/span><\/a>)<\/span><\/p>\n

First Solana Treasury is Live in South Korea: What Does it Mean for SOL?<\/span><\/h2>\n

While there is accumulation, it remains to be seen whether <\/span>Solana whales<\/span><\/a> are buying the dip. However, earlier today, DeFi Development Corp. (DFDV), a public company trading on Nasdaq, <\/span>partnered<\/span><\/a> with Fragmetric Labs, a liquidity restaking platform on Solana, to launch the first Solana Digital Asset Treasury (DAT) in South Korea.<\/span><\/p>\n

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We’re extremely excited to announce that Fragmetric Labs and DeFi Development Corp. (NASDAQ:DFDV) will launch the first Solana Digital Asset Treasury in Korea through the acquisition of a Korean publicly-listed company. pic.twitter.com\/rzGbVvmEXT<\/a><\/p>\n

\u2014 Fragmetric (@fragmetric) September 22, 2025<\/a><\/p>\n<\/blockquote>\n