Press launch
Shares of Nasdaq-listed Chinese trend retailer Mogu (MOGU) surged as a lot as 76% on Thursday after the corporate introduced a $20 million buy of Bitcoin, Ethereum, and Solana.
The web attire platform, which went public in 2018, mentioned the transfer was half of its technique to diversify its treasury and combine digital belongings into its operations for “next-generation AI services”.
🚨JUST IN: MOGU Inc. (NYSE: MOGU), a China-based on-line trend and way of life platform, has accredited a strategic allocation of as much as $20M into digital currencies, primarily Bitcoin, Ethereum, and Solana, together with associated securities and merchandise. pic.twitter.com/ZvZwqzAWjv
— SolanaFloor (@SolanaFloor) September 11, 2025
Why Solana?
Whereas Bitcoin and Ethereum dominate company treasury buys, Mogu’s inclusion of Solana (SOL) stands out.
Because the sixth-largest cryptocurrency, Solana is positioned as a sooner, lower-cost various to Ethereum for constructing decentralized purposes.
A company purchaser including SOL alongside BTC and ETH indicators rising institutional recognition of the asset.
Solana Price Evaluation: What’s Subsequent?
At press time, SOL trades at $237.94, exhibiting sturdy momentum. The token not too long ago broke out of an ascending wedge and faces resistance close to $270.
A confirmed breakout above this degree might arrange a rally to $500 (108% upside), with the longer-term goal at $1,000 (320% upside).
Supply: TradingView
If momentum fails and rejection happens at resistance, SOL might retrace towards the $150 assist zone earlier than making an attempt one other push larger.
Indicators stay favorable because the RSI sits at 69, close to overbought however not excessive, whereas MACD momentum leans constructive.
Can SOL Overtake Bitcoin?
Regardless of Solana’s sturdy progress and institutional adoption, overtaking Bitcoin stays unlikely within the close to time period. Bitcoin’s market dominance and standing as a company treasury normal give it an entrenched lead.
Nonetheless, Solana’s addition to treasury portfolios suggests it might more and more be seen as a complement to BTC and ETH, significantly for companies exploring Web3 and AI integration.
SOL Eyes Bitcoin’s Throne – $SNORT Presale Heats Up as Buying and selling Bots Go Mainstream
With SOL in search of to flip BTC, Snorter Bot ($SNORT) is rising as a next-generation buying and selling assistant designed to deliver pace, simplicity, and precision to the world of crypto buying and selling.
Having already raised a powerful $3.8 million in its ongoing presale, Snorter Bot boasts a vibrant and rising neighborhood.
Embedded instantly inside Telegram, the bot permits customers to identify, snipe, and handle on-chain tokens in a matter of seconds – all with out leaving the chat.
Its preliminary focus is the Solana ecosystem, recognized for ultra-fast transactions, however the roadmap extends to Ethereum, BNB Chain, and different EVM-compatible networks.
On the middle of this ecosystem lies the $SNORT token, the undertaking’s utility foreign money.
Holding $SNORT unlocks premium options, together with decrease buying and selling charges, staking rewards, and entry to superior instruments resembling copy-trading.
The token has a set provide of 500 million and early consumers can obtain as much as 120% each year in staking rewards.
To purchase $SNORT on the present worth of $0.1041, merely head over to the official Snorter Bot website and join a supported pockets, like Best Wallet.
You may then use crypto or a financial institution card to finish the transaction in seconds.
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