Solana (SOL) rose over 6% Friday morning to over $120.00, building on strong gains from earlier in the week as markets reacted to renewed institutional confidence and continued macro volatility.Its latest catalyst is a second major crypto purchase from publicly traded real estate tech firm Janover Inc, which snapped up 44,158 SOL—worth approximately $5 million—as part of its treasury allocation strategy.

The buy brings Janover's total Solana holdings to 83,084 SOL, or roughly $9.6 million, according to a company press release issued Friday morning. The company confirmed it will begin staking the newly acquired SOL immediately, joining the growing ranks of corporate entities seeking yield and ecosystem participation via validator nodes.

The purchase marks the second major Solana investment from Janover in less than a week, following a $4.6 million buy announced April 10. The firm, which aims to become the "MicroStrategy of Solana," is in the process of rebranding into DeFi Development Corporation as it pivots away from commercial real estate tech and toward blockchain infrastructure.

Solana and Dogecoin Lead Majors As Market Rebounds

The Janover news lands as Solana and Dogecoin DOGE/USD lead Friday's gains among top altcoins, rising more than 4% in the past 24 hours. Bitcoin was up 4% to over $83,000 before pariring some gains, while Ethereum remained under pressure, down 2.4% after a rough week. 

The overall crypto market appears to be regaining momentum after Wednesday's tariff-fueled rally and Thursday's whipsaw retreat.

Analysts credit the rebound to optimism around President Trump's 90-day tariff pause, which temporarily soothed macro fears and triggered a relief rally across risk assets. Traders say Bitcoin's bounce from sub-$79K levels was a textbook as oversold conditions met renewed institutional demand.

Still, sentiment remains mixed. "The markets just did a 180 after Trump's tariff pause," said RabbitX CEO Ming Wu. Others point to December Bitcoin calls at $100K as evidence of longer-term bullishness, but advise caution ahead of next week's economic data releases.

What's Next for SOL?

With Janover's ongoing Solana accumulation and staking strategy now public, traders are watching for signs that other firms may follow suit. The idea of public companies using Solana not just as an investment but as a network layer they actively support could catalyze broader adoption.

Technically, SOL is nearing its next resistance at $122, with strong support around $114. A close above $121 could pave the way for a retest of the $128-$130 zone seen earlier this month, particularly if macro conditions stay risk-on into the weekend.