In brief
- Solana surged 5.5% and hit $241, reaching its highest level since late January amid growing institutional interest.
- Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting SOL momentum.
- BIT Mining adds 17,221 SOL to treasury as prediction market traders grow 89% confident SOL will hit $250 before $130.
Solana surged 5.5% on Friday and hit a daily peak above $241—the highest price seen since late January, as SOL gets a bullish boost from institutional interest.
Forward Industries, a Nasdaq-traded design firm that serves medical and technology companies, announced earlier this week it had inked a $1.65 billion private investment in private equity, or PIPE, deal led by crypto financial services company Galaxy Digital, infrastructure firm Jump Crypto, and venture capital firm Multicoin Capital.
The company, which trades on the NasdaqCM exchange under the FORD ticker, saw its price briefly touch $46 on Friday. But at the time of writing, it’s fallen back to $37.72. Despite the retrace, it’s still trading 9.41% higher than
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Author: Stacy Elliott
