Solmate Infrastructure (SLMT) CEO Ron Sade and board member Keren Maimon invest $11.4M at a premium price of $4.97 per share. The May 27, 2026 closing adds capital to Solmate's solana treasury, which held roughly 1.235M SOL as of early 2026. Insider participation at a premium follows Solmate's $300M PIPE raise in September 2025, backed by ARK Invest and Solana Foundation.
A veteran solana holder sold another 30,000 sol for approximately $2.56 million, bringing their total recorded exits to 965,274 SOL worth $137.66 million at an average realized price of $143 per coin. The wallet originally staked 991,079 SOL more than five years ago and began selling roughly a year ago. The whale's latest 30,000 SOL withdrawal and remaining staked position, per Solscan.
Forward Industries posted a $585.6M Q1 loss as Solana prices triggered $560.2M write-downs. Forward holds 6.96M SOL worth $1.59B, expanding staking and Solana infrastructure bets. Forward launched fwdSOL and targets 7.2% yields as Solana treasury strategy scales.
It's true that Ether (ETH) already has the head start in the exchange-traded fund (ETF) race: Spot Ether ETFs began trading on July 23, 2024, attracting approximately $107 million in first-day net inflows and opening a mainstream path for investors through brokers and retirement accounts. However, Solana's (SOL) market infrastructure is catching up. The Chicago Mercantile Exchange (CME) launched Solana futures on March 17, 2025, with options slated for Oct. 13.