New comments from Solmate’s Marco Santori and two widely followed analysts put the focus on SOL's $238 pivot and what would confirm higher prices.

Marco Santori's comments

In an X thread, Santori, a former Kraken CLO, introduced Solmate, which he described as “brand new Solana infrastructure” for the UAE, adding that he will be CEO.

He said Solmate is aligned with the Solana Foundation and backed by UAE investors, and he highlighted additional support from Ark Invest, which he characterized as a rare DAT PIPE investment by an ETF.

Santori framed Solmate’s remit as a digital asset treasury and crypto infrastructure company focused on SOL-per-share growth for shareholders.

Santori outlined the strategy behind the vehicle by calling digital asset treasuries “capital accumulation machines

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