Former Kraken CLO: Solana Implements Innovations Ethereum Introduced Almost Ten Years Ago

New remarks from Solmate founder Marco Santori and prominent crypto analysts have put Solana (SOL) back in focus, highlighting its $238 pivot and potential for higher prices.

Santori Introduces Solmate

In a recent X thread, Santori, former Kraken CLO, unveiled Solmate, describing it as a “brand new Solana infrastructure” initiative for the UAE, where he will serve as CEO. He noted that Solmate is aligned with the Solana Foundation and backed by UAE investors, with additional support from ARK Invest, which he characterized as a rare DAT PIPE investment by an ETF.

Santori framed Solmate as a digital asset treasury (DAT) and crypto infrastructure firm focused on SOL-per-share growth for shareholders. He described digital asset treasuries as “capital accumulation machines,” emphasizing that access to capital is crucial and that the UAE is ‘the Capitol of Capital.’”

Among Solmate’s sponsors is the Pulsar Group, positioning the firm to efficiently convert fiat into crypto at scale. Operationally, Solmate is partnering with RockawayX, a leading staking infrastructure provider, and Viktor Fischer will join the board. Plans include bare-metal validators in Abu Dhabi to optimize staking performance and reliability, with further initiatives expected.

Santori also highlighted the broader Solana ecosystem, calling it the “fastest, most used” blockchain. He contrasted it with Ethereum, claiming Solana “delivers what Ethereum promised,” and concluded emphatically: “I’m all in on it.”

Analysts Eye Key Price Levels

Crypto analyst Rekt Capital noted that SOL has broken a long-term downtrend and is now retesting around $238, formerly a major resistance level, as support on the weekly chart. He said a successful retest would confirm that the old ceiling has flipped into a floor, keeping the path open for potential new all-time highs.

Trader KALEO also weighed in, stating “$1,000+ SOL isn’t a meme,” presenting four-figure prices as plausible, though without specifying timing.

With strong infrastructure developments and renewed technical momentum, both Santori’s Solmate initiative and analyst commentary suggest growing confidence in Solana’s near- and mid-term potential.