Sol Strategies Price Spike: This Solana Validator’s Stock $HODL Is Up 270% In a Month

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

The stock of Sol Strategies (CSE: HODL) has posted a 270% monthly gain today, following the Canada-based Solana validator’s rebranding from its original name of Cypherpunk Holdings.

Sol Strategies announced its new name on September 13, revealing that the change is part of a general shift towards investing more heavily in Solana.

At the time, its stock had a price of approximately $0.16 on the Canadian Stock Exchange, but it began to rise dramatically after the firm began announcing expansions of its SOL holdings.

And with Solana itself riding an increasingly bullish cryptocurrency market, Sol Strategies’ stock could continue to rise strongly in the coming weeks.

While HODL began to rise steadily in the immediate wake of the rebranding, it began to take off around October 10, when Sol Strategies tweeted that it had “significantly increased its SOL holdings.”