Ken Griffin, the billionaire founder of Citadel, has just revealed a 4.5% personal stake in DeFi Development Corp, a Nasdaq-listed firm stockpiling Solana ($SOL) as its main treasury asset.Ken Griffin, the billionaire founder of Citadel, has just revealed a 4.5% personal stake in DeFi Development Corp, a Nasdaq-listed firm stockpiling Solana ($SOL) as its main treasury asset.

Citadel CEO’s Solana Bet Sparks Altcoin Momentum – Why It’s Time to Invest in $SNORT

2025/10/23 20:58
4 min read

KEY POINTS:

➡ Citadel’s CEO discloses a 4.5% personal stake in Solana treasury firm Defi Development Corp.
➡ DeFi Development Corp holds over 2.19M $SOL worth around $415M.
➡ Solana’s price has almost doubled since April, and analysts eye a potential breakout to $260.
➡ Snorter Token ($SNORT) is a utility-driven gateway to Solana’s next liquidity wave. It’s raised over $5.45M ahead of its Oct 27 claim event.

This move has placed Griffin among the first Wall Street giants to take a direct equity position in a company built around Solana’s blockchain.

According to a filing with the US Securities and Exchange Commission, Griffin holds 1.3M shares. Meanwhile, Citadel Advisors owns another 800K to bring their combined ownership to 7.2%.

Ken Griffin, CEO of Citadel, holds a 4.5% stake in DeFi Development Corp.

Source: X/@martypartymusic

DeFi Development Corp itself has built one of the largest Solana treasuries in the world. It currently holds 2.19M $SOL worth around $415M. This is up over 106% since it started accumulating $SOL in April 2025.

The move signals a clear change in institutional hunger. Traditional funds that once stuck to Bitcoin are now rotating toward Layer-1 ecosystems they believe can offer better returns due to their higher throughput.

Solana currently processes 707 transactions per second (TPS). But it has the capacity to process up to 65K TPS.

If you couple that with its low fees and the thousands of active projects available on-chain, you can see why it is an attractive pick for both yield-seeking firms and DeFi builders.

Solana scalability through real-time TPS, max TPS per block, and max theoretical TPS.

Source: Chainspect

This growing demand for Solana exposure is part of a broader trend where crypto treasuries are becoming a new institutional asset class. Griffin’s stake is a signal that Solana is maturing into credible collateral on Wall Street.

History shows what happens next. Not long after institutions start buying treasuries, retail traders follow with speed. They turn to tools and tokens that amplify every on-chain move.

And that’s where Snorter Token ($SNORT) – one of the best altcoins to buy right now – shines. This Solana-powered Telegram bot is built for traders who want to move as fast as the market itself.

The Institutional Solana Play

DeFi Development Corp’s strategy is simple. Buy and stake Solana ($SOL) to generate yield while the asset appreciates.

The strategy is focused on building a crypto treasury that earns real on-chain income through validator rewards and staking returns. That model turns a volatile token like Solana into a productive asset – something Wall Street understands pretty well.

For a hedge fund like Citadel, this approach offers a hedge against inflation, diversification away from equities, and direct exposure to blockchain growth.

The timing also aligns with Solana’s strong recovery since April. Technical charts show a double-bottom reversal pattern, hinting at a possible breakout toward $260 if resistance clears.

Institutional entry also acts as a massive confidence signal for the whole Solana ecosystem. DeFi protocols like Jupiter and Raydium, NFT marketplaces, and meme coins all will benefit from increased liquidity and visibility.

And that’s the point. Institutional conviction brings deep liquidity. Liquidity fuels meme seasons. So the next rotation could reward Solana-native tools that help you trade faster, cheaper, and smarter.

Cue Snorter Token ($SNORT).

Snorter Token ($SNORT) – Final Chance to Buy Before Claim Opens

Built as a Telegram-native trading bot token spanning Solana and Ethereum, $SNORT will turn your chats into a trading terminal.

You’ll be able to swap, snipe, copy trade, and track portfolios all without having to leave Telegram. It’s frictionless. Fast. Purpose-built for meme chaos.

Holding the $SNORT token will also cut your trading fees from 1.5% to just 0.85%, making it one of the cheapest bots on the market.

In its closed beta, its rug and honeypot detection was able to flag bad contracts with 85% accuracy. This adds a layer of security to the wild west that is meme coin trading.

➡ Learn how to buy Snorter Token in our step-by-step walkthrough.

The numbers tell the full story. $SNORT currently has more than 16K investors, after raising over $5.45M in its presale. The final stage price for tokens is locked at $0.1083, but analysts forecast a Snorter Token price prediction of $1.07 potentially being possible before the end of the year. That’s almost a 10x return.

However, there are only four days left to join the presale before the claim event goes live on October 27 at 2 PM UTC. Staking yields of 102% are also available from now until then to increase your bag size.

If Citadel and Ken Griffin are stocking Solana for yield, retail traders are chasing it for speed. $SNORT offers both. You’ll get trading, staking, and analytics in one place.

Join the Snorter Token presale before the claim window opens.

Market Opportunity
4 Logo
4 Price(4)
$0.010016
$0.010016$0.010016
+3.37%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crucial ETH Unstaking Period: Vitalik Buterin’s Unwavering Defense for Network Security

Crucial ETH Unstaking Period: Vitalik Buterin’s Unwavering Defense for Network Security

BitcoinWorld Crucial ETH Unstaking Period: Vitalik Buterin’s Unwavering Defense for Network Security Ever wondered why withdrawing your staked Ethereum (ETH) isn’t an instant process? It’s a question that often sparks debate within the crypto community. Ethereum founder Vitalik Buterin recently stepped forward to defend the network’s approximately 45-day ETH unstaking period, asserting its crucial role in safeguarding the network’s integrity. This lengthy waiting time, while sometimes seen as an inconvenience, is a deliberate design choice with profound implications for security. Why is the ETH Unstaking Period a Vital Security Measure? Vitalik Buterin’s defense comes amidst comparisons to other networks, like Solana, which boast significantly shorter unstaking times. He drew a compelling parallel to military operations, explaining that an army cannot function effectively if its soldiers can simply abandon their posts at a moment’s notice. Similarly, a blockchain network requires a stable and committed validator set to maintain its security. The current ETH unstaking period isn’t merely an arbitrary delay. It acts as a critical buffer, providing the network with sufficient time to detect and respond to potential malicious activities. If validators could instantly exit, it would open doors for sophisticated attacks, jeopardizing the entire system. Currently, Ethereum boasts over one million active validators, collectively staking approximately 35.6 million ETH, representing about 30% of the total supply. This massive commitment underpins the network’s robust security model, and the unstaking period helps preserve this stability. Network Security: Ethereum’s Paramount Concern A shorter ETH unstaking period might seem appealing for liquidity, but it introduces significant risks. Imagine a scenario where a large number of validators, potentially colluding, could quickly withdraw their stake after committing a malicious act. Without a substantial delay, the network would have limited time to penalize them or mitigate the damage. This “exit queue” mechanism is designed to prevent sudden validator exodus, which could lead to: Reduced decentralization: A rapid drop in active validators could concentrate power among fewer participants. Increased vulnerability to attacks: A smaller, less stable validator set is easier to compromise. Network instability: Frequent and unpredictable changes in validator numbers can lead to performance issues and consensus failures. Therefore, the extended period is not a bug; it’s a feature. It’s a calculated trade-off between immediate liquidity for stakers and the foundational security of the entire Ethereum ecosystem. Ethereum vs. Solana: Different Approaches to Unstaking When discussing the ETH unstaking period, many point to networks like Solana, which offers a much quicker two-day unstaking process. While this might seem like an advantage for stakers seeking rapid access to their funds, it reflects fundamental differences in network architecture and security philosophies. Solana’s design prioritizes speed and immediate liquidity, often relying on different consensus mechanisms and validator economics to manage security risks. Ethereum, on the other hand, with its proof-of-stake evolution from proof-of-work, has adopted a more cautious approach to ensure its transition and long-term stability are uncompromised. Each network makes design choices based on its unique goals and threat models. Ethereum’s substantial value and its role as a foundational layer for countless dApps necessitate an extremely robust security posture, making the current unstaking duration a deliberate and necessary component. What Does the ETH Unstaking Period Mean for Stakers? For individuals and institutions staking ETH, understanding the ETH unstaking period is crucial for managing expectations and investment strategies. It means that while staking offers attractive rewards, it also comes with a commitment to the network’s long-term health. Here are key considerations for stakers: Liquidity Planning: Stakers should view their staked ETH as a longer-term commitment, not immediately liquid capital. Risk Management: The delay inherently reduces the ability to react quickly to market volatility with staked assets. Network Contribution: By participating, stakers contribute directly to the security and decentralization of Ethereum, reinforcing its value proposition. While the current waiting period may not be “optimal” in every sense, as Buterin acknowledged, simply shortening it without addressing the underlying security implications would be a dangerous gamble for the network’s reliability. In conclusion, Vitalik Buterin’s defense of the lengthy ETH unstaking period underscores a fundamental principle: network security cannot be compromised for the sake of convenience. It is a vital mechanism that protects Ethereum’s integrity, ensuring its stability and trustworthiness as a leading blockchain platform. This deliberate design choice, while requiring patience from stakers, ultimately fortifies the entire ecosystem against potential threats, paving the way for a more secure and reliable decentralized future. Frequently Asked Questions (FAQs) Q1: What is the main reason for Ethereum’s long unstaking period? A1: The primary reason is network security. A lengthy ETH unstaking period prevents malicious actors from quickly withdrawing their stake after an attack, giving the network time to detect and penalize them, thus maintaining stability and integrity. Q2: How long is the current ETH unstaking period? A2: The current ETH unstaking period is approximately 45 days. This duration can fluctuate based on network conditions and the number of validators in the exit queue. Q3: How does Ethereum’s unstaking period compare to other blockchains? A3: Ethereum’s unstaking period is notably longer than some other networks, such as Solana, which has a two-day period. This difference reflects varying network architectures and security priorities. Q4: Does the unstaking period affect ETH stakers? A4: Yes, it means stakers need to plan their liquidity carefully, as their staked ETH is not immediately accessible. It encourages a longer-term commitment to the network, aligning staker interests with Ethereum’s stability. Q5: Could the ETH unstaking period be shortened in the future? A5: While Vitalik Buterin acknowledged the current period might not be “optimal,” any significant shortening would likely require extensive research and network upgrades to ensure security isn’t compromised. For now, the focus remains on maintaining robust network defenses. Found this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread awareness about the critical role of the ETH unstaking period in Ethereum’s security! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum’s institutional adoption. This post Crucial ETH Unstaking Period: Vitalik Buterin’s Unwavering Defense for Network Security first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 15:30
XRP holders hit new high, but THIS keeps pressure on price

XRP holders hit new high, but THIS keeps pressure on price

The post XRP holders hit new high, but THIS keeps pressure on price appeared on BitcoinEthereumNews.com. Ripple [XRP] remains one of the top five cryptocurrencies
Share
BitcoinEthereumNews2026/02/17 08:49
Will Bitcoin Price Drop to $50,000 by March 2026?

Will Bitcoin Price Drop to $50,000 by March 2026?

The post Will Bitcoin Price Drop to $50,000 by March 2026? appeared on BitcoinEthereumNews.com. Bitcoin is trading around $68,700, down nearly 22% year to date
Share
BitcoinEthereumNews2026/02/17 08:59