First Solana Treasury Launches in South Korea: Can SOL USD Bounce Back to $250?

Initially, Michael Saylor of MicroStrategy made headlines by introducing a Bitcoin treasury. Before long, several public companies began to investigate ETH, and by late September 2025, South Korea has seen the launch of its first Solana treasury. While this launch comes at a time when SOL USD is decreasing in value, it might create the momentum needed to push SOL USDT past $250.

As of now, Solana’s price remains stable but is not immune to the global market downturn. Despite an ongoing upward trend, a definitive close above the September peaks around $250 is required. Should SOL bulls seize the moment, SOL USD might build on its early July gains. According to Coingecko, Solana has appreciated by approximately +53% over the last year and +10% in the recent month of trading.

(Source: Coingecko)

As seen on Coinglass, Solana traders on prominent perpetual exchanges maintain a bullish stance. For instance, the long/short ratio on Binance exceeds 2.7, indicating a general optimism among traders that SOL USD can overcome recent weaknesses. Concurrently, noticeable inflows have occurred on spot exchanges over the past few hours, suggesting potential accumulation at these lower price levels.

(Source: Coinglass)

First Solana Treasury Now Established in South Korea: Implications for SOL?

While accumulation seems to be occurring, it remains unclear if Solana whales are indeed purchasing the dip. Yet, earlier today, Decentralized finance Development Corp. (DFDV), a publicly traded entity on Nasdaq, announced a partnership with Fragmetric Labs, a liquidity restaking initiative on Solana, to initiate the first Solana Digital Asset Treasury (DAT) in South Korea.

We’re incredibly excited to share that Fragmetric Labs and Decentralized finance Development Corp. (NASDAQ:DFDV) will establish the first Solana Digital Asset Treasury in Korea through the acquisition of a publicly listed company in the nation. pic.twitter.com/rzGbVvmEXT

— Fragmetric (@fragmetric) September 22, 2025

The strategy involves acquiring a public firm in the region and expediting institutional Solana exposure.

As part of the reverse merger, DFDV will rebrand the acquired entity, while Fragmetric will establish a local management team focused on Solana accumulation.

In return for the foundational technology, asset governance, and infrastructure assistance, the Nasdaq-listed company will obtain an equity share in the new entity alongside any periodic collaboration fees.

DFDV now possesses over 2M SOL, positioning it among the most prominent public Solana treasuries. With SOL USD exposure, their share prices have surged, benefiting shareholders during SOL’s price rally through Q3 2025. These advantages stem from integrating Solana earning yield rewards with income from their real estate ventures.

(Source: Coingecko)

Conversely, Fragmetric has been pioneering in the realm of liquid locking tokens. Currently, it oversees assets valued at over $96M, according to DefiLlama. DFDV plans to utilize Fragmetric’s solution for reward distribution, potentially creating a cycle that could enhance SOL USD demand.

(Source: DefiLlama)

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Could SOL USD Exceed $250 and Reach New All-Time Highs?

The choice to establish the first Solana DAT in South Korea may yield significant returns. South Korea stands as Asia’s leading crypto hub, known for its vibrant retail trading environment and well-defined cryptocurrency regulations.

That said, the rate at which SOL ▼-7.60% will increase is contingent on external factors, such as whether leading cryptocurrencies like Bitcoin can bounce back and regain the $115,000 mark in the upcoming weeks.

From a technical standpoint, a close above $250 would set the groundwork for SOL USD surpassing $300 before the conclusion of Q4 2025.

An analyst on X noted that the rejection at $250 was anticipated. He added that as long as SOL USD remains above $185, the price of Solana could be “set” for $500.

$SOL – 2W

Anticipated a rejection at $250.
More consolidation time is needed before the subsequent breakout.

As long as it trades above $185, the outlook remains unchanged and $500 is on the table.#Solana $SOLUSD pic.twitter.com/jMzQzuFldL

— MM₿ (@MM_BTC) September 22, 2025

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The post First Solana Treasury is Live in South Korea: Will SOL USD Reclaim $250? appeared first on 99Bitcoins.