Institutions are investing heavily in Solana, with Galaxy and Forward Industries putting over $1.8 billion into SOL in the last 24 hours. Galaxy Digital alone added 1.2 million SOL, valued at $306 million. On-chain data shows institutions moving assets into custody and building SOL treasuries, signaling a shift from retail trading.

Forward Industries disclosed the purchase of 6.8 million SOL, totaling $1.58 billion, as part of a Solana-centric treasury strategy following a $1.65 billion capital raise. The move aligns with Galaxy’s accumulation of 6.5 million SOL, highlighting institutional interest in Solana. Markets are reacting to the potential of interest rate cuts, which historically boost risk assets like SOL.

Investors are anticipating a 25bp rate cut by the Fed, potentially lowering the funds rate target range. The market is speculating on whether the cut will be reactive or proactive based on economic indicators and labor market conditions. Analysts predict that a proactive stance by the Fed could impact market expectations for future rate cuts.

Read more at Yahoo Finance: Forward Industries and Galaxy Pour Billions Into Solana as Markets Eye Rate Cuts