Viewpoint: Although the "alt season" has not yet arrived, institutional investors have begun to increase their holdings of SOL.

Odaily News Coin Bureau co-founder Nic Puckrin stated in a post on the X platform that there is still a long way to go before the so-called "alt season". Currently, the spot trading volume in the altcoin market is still below the levels of January 2025 and March 2024, and is also far below the levels of 2021. However, some institutions have begun to increase their holdings of SOL ahead of the "alt season". For instance, DeFi Development Corp's SOL holdings have surpassed $100 million, and SOL Strategies has recently increased its holdings by over 120,000 SOL. Additionally, the growth of new developers on the Solana chain has just surpassed Ethereum, with a year-on-year increase of 83%. Developers are choosing Solana, and currently, 65% of SOL is staked, while open contracts are also on the rise.