<ul data-eligibleForWebStory="false"><li>DeFi Development plans $100M purchase of $SOL through a convertible note offering.</li><li>Move could boost investor interest in $SOL and benefit top Solana-based altcoins.</li><li>Proceeds to fund stock buybacks, aiming to offset dilution from offering.</li><li>Despite market skepticism, institutional buy-ins like DeFi Development's could strengthen $SOL.</li><li>Potential positive impact on Solana ecosystem and coins like $SNORT, $GRASS, $BIO.</li></ul>

DeFi Development Plans $100M $SOL Purchase, Positions Solana-Based Altcoins to Surge

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