MemeStrategy, a Hong Kong stock exchange-listed company, has announced that it has begun investing in Solana (SOL). Reportedly,…

MemeStrategy, a Hong Kong stock exchange-listed company, has announced that it has begun investing in Solana (SOL). Reportedly, the firm has purchased 2,440 SOL worth 2.9 million HKD (Approximately $369,428.97). The step is a major achievement in the crypto market. It is the first case of a Hong Kong public company to invest in SOL. According to a statement from the company, “Through the Solana accumulation strategy, we plan to strengthen our position in the virtual asset sector.”

Solana Rallies Amid Public Company Purchase

SOL seems to be enjoying quite a rally amid MemeStrategy’s recent investment. The asset is currently the best-performing cryptocurrency among the top 10 projects by market cap.

SOL is up 7.9% in the daily charts, 3.1% in the weekly charts, 0.6% in the 14-day charts, and 8.5% since June 2024. Despite the big turnaround, SOL is down 7.1% over the previous month. Bitcoin (BTC), on the other hand, is up 1.9% in the daily charts and 0.4% over the last week.

The latest market rally brings much-needed relief to crypto investors. BTC’s price had fallen to $100,000 earlier this month. BTC’s correction led to the larger market experiencing a dip. The correction may have been due to a decrease in institutional inflows. The Israel-Iran conflict introduced additional volatility in the market. The market seems to be stabilizing right now. SOL and other cryptocurrencies are trading in the green zone today, Monday, June 16, 2025.

Will The Rally Continue?

Solana’s (SOL) latest upswing is likely due to increased investor confidence after the MemeStrategy investment. We may see a price correction once sentiment cools down.

The crypto market seems to be on its way back. Despite the turnaround, there is still much ground that needs to be covered. SOL remains a long way below its January levels. There have been several all-time highs of BTC this year. A similar trend is not being observed with other assets.

Also Read: Nasdaq-Listed Company Announces Plan to Buy $500M Worth of Solana

If the market continues to be bullish, Solana may continue its rally.