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  • đŸ’„ Citadel Buys Into Solana — Ken Griffin’s Crypto Plot Twist

đŸ’„ Citadel Buys Into Solana — Ken Griffin’s Crypto Plot Twist

The hedge-fund giant that once mocked crypto now owns 9 % of a Solana treasury firm. Whales move $5.5 B to Binance, Jupiter posts $46 M profits, and CZ roasts Peter Schiff’s new gold token.

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Cryptopolitan News
October 23, 2025 ‱ Estimated Reading Time: 7 minutes

Citadel, whose Ken Griffin was one of the world most crypto-skeptic hedge-fund managers just filed a 4.5% stake in Solana DeFi Dev Corp (DFDV), one of the network’s premier digital asset treasury (DAT) companies.

More intriguing still: Griffin with total for 9.12% personally holds another 4.5%, making the pair among the largest institutional backers of a Solana-native treasury company.

The filings reveal Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, Citadel Securities LLC and Citadel Securities Group LP collectively own nearly 4.5% of DeFi Dev Corp’s shares outstanding, sharing between Griffin as well as Citadel’s subsidiaries.

  • The move as DeFi Dev Corp’s Solana exposure has increased over 375% year-to-date, and the company is holding 0.076 SOL per share or about 2.2 million SOL in total all staked as validator collateral.

  • The firm’s mNAV ratio is at 1.0, indicating the value of its SOL reserves and market cap is finally in line, a rarity within the DAT space.

  • Shares of FIF’s DFDV are trading at around $14.14, significantly lower than the record high of $34.25 in the 2024 Solana treasury boom.

Meanwhile, Solana’s own ecosystem remains vibrant, with total treasury holdings topping 20.3 million SOL, a 12% jump since mid-October. Roughly 9 million SOL are now staked, generating an average 7.7% passive yield for holders.

For Griffin, who famously described crypto as a “jihad against the dollar,” this is more than just ironic it’s quite a careful play for an on-chain finance beachhead.

The world’s biggest hedge fund just acquired Solana treasuries into its portfolio.

📊 Market Watch

1ïžâƒŁ Whales transfer $5.56B to Binance — bearish sign strengthens

Whales moved more than $5.56 billion onto Binance in the last 30 days, including an influx of $1.07 billion on Wednesday, according to on-chain data from CryptoQuant. The surge in flow was also accompanied by roughly $600M worth liquidations, with longs and shorts both accounting for more than half of these. Analysts view the activity as short-term bearish, with profit-taking and cooling momentum.

2ïžâƒŁ Q3 profit of Jupiter is $46M dollars and said to profit from Solana boom

Jupiter captured $46 million in Q3 revenue, due to its constant futures and DEX aggregation capabilities. Solana “superapp” totalled 8.4M active wallets in Q3, up from 8M in Q2, and processed $176.8B in spot volume. Part of that expansion was a 40% increase in its holdings during the first month, from Feb. 15 to Mar. 17 and double what it had in December last year but its token JUP is trading near $0.35 — a three-month low.

3ïžâƒŁ Polymarket onboards BNB

Polymarket integrated BNB deposits and withdrawals, bringing on-chain prediction markets directly to users of the BSC. The news comes on the heels of integrations with Hyperliquid, MetaMask and Worldcoin, which extends its multi-chain capabilities.

 đŸ‘€ Are you watching this

CZ just roasted Peter Schiff’s new gold-backed token, calling it a “trust-me-bro” coin that’s “not on-chain gold.”

The former Binance CEO said tokenized gold fails because it still relies on a middleman — “you’re trusting someone to give you the gold decades later, maybe during a war.”

Schiff, meanwhile, used the token launch to repeat his Bitcoin-is-going-to-zero rant — right as gold crashed $2.5 trillion in market value in two days, its steepest drop since 2013.

Blockchain vs. bullion, round two.

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