Solana led a broader crypto rebound with a gain of more than 10% in 24 hours, lifting Solana-linked treasury shares ahead of Russell index additions and while the group still traded below 1x mNAV.
Solana-linked digital asset treasury companies rallied as SOL rose about 9.7% to more than 10% over 24 hours, making it the biggest gainer among the top 10 cryptocurrencies by market capitalization during a broader market recovery. Sol Strategies (STKE) led the equity gains, climbing as much as 22%, while Forward Industries (FWDI) rose 12% and SkyAI (SKYA), DeFi Development Corp. (DFDV), and Solana Company (HSDT) each gained about 10% or more. The move came ahead of Forward's addition to the Russell 2000 and Russell 3000 and Upexi's (UPXI) addition to the Russell Microcap, while data showed all Solana digital asset treasury companies remained below 1x mNAV.