Solana’s ecosystem received a double dose of positive news on June 26, as digital asset treasury (DAT) stocks tied to the network surged and Morgan Stanley filed an amended S-1/A for a proposed spot Solana trust. SOL itself climbed 9.7% to $72.60, leading major crypto tokens while Bitcoin hovered near $60,100 and Ethereum near $1,500.
Several Solana DATs posted double-digit intraday gains. Sol Strategies (STKE) soared 22% to a high of $1.20, Forward Industries (FWDI) rose 12% to $4.03, SkyAI (SKYA) gained 11% to $1.07, and DeFi Development Corp. (DFDV) advanced 10% to $2.73. Solana Company (HSDT) was up over 10% to $1.65. Other ecosystem DATs also moved higher: Bitmine Immersion Technologies (BMNR), the largest Ethereum DAT, added 2.5%, while Consensys-backed Sharplink (SBET) climbed 4.71%. Hyperliquid Strategies Inc. (PURR) jumped over 8%, and Tron Inc. (TRON) gained more than 5%.
A portion of the stock pops is linked to the 2026 Russell indexes reconstitution, effective after Friday’s close. BMNR and SBET joined the Russell 3000; Forward Industries entered both the Russell 2000 and Russell 3000; and Upexi (UPXI) was added to the Russell Microcap. Forward’s Ryan Navi said the inclusion “marks another important milestone for Forward, expanding our visibility across the institutional investment community.”
In parallel, Morgan Stanley’s amended S-1/A for the Morgan Stanley Solana Trust (ticker MSOL) detailed a 0.14% annual sponsor fee and confirmed plans to integrate native staking through providers including Figment, Galaxy and Coinbase Canada, with 95% of staking rewards passed to shareholders. The filing places staking treatment at the center of the spot Solana ETF discussion, giving the market a concrete structure to evaluate.
SOL traded in a $67.21–$70.46 range during the day, with resistance near $74 and support around the $60 zone. The technical picture remains in focus alongside the regulatory development, as traders watch whether SOL can reclaim resistance or if support will face fresh pressure.
Year-to-date, most Solana DATs remain deeply negative—FWDI -41%, BMNR -49%, STKE -26%—while PURR defied the trend with a 143% gain.
