DeFi Development Corporation (DFDV) is raising up to $20 million through the issuance of CHAD Stock, a preferred stock offering a 13% annual dividend, to expand its Solana reserves. The company, which already holds more than 2 million SOL (the third-largest Solana treasury), plans to use the capital to continue buying back tokens. This corporate accumulation contrasts with Pump.fun’s selling pressure, which has sold over 5.1 million SOL as of early September, with memecoin traders holding positions for just 42 seconds on average. Meanwhile, Solana ETFs recorded $150 million in inflows during the last week of August, the largest weekly inflow of 2026, which could support a move toward $150.
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