Solana News: Ex-Binance and Polygon Execs Join the Solana Foundation
In Solana information, the Solana Foundation lately introduced the hiring of Rachel Conlan, former Chief Marketing Officer at Binance, as Chief Strategy Officer, and Jamal Raees, a veteran from Polygon Labs, as General Manager of Payments. The basis made this announcement on September 24, 2026.
The basis believes that these new hires will assist safe partnerships with banks, asset managers, and fee corporations as the monetary sector more and more shifts in the direction of blockchain know-how.
Solana at the moment leads all blockchains in tokenized inventory buying and selling, with extra tokenized shares than another platform. As of September 27, SOL trades at round $123, up +2.8% for the day following a +15% weekly surge.
Despite $5 trillion in stablecoin quantity, Solana’s transaction charges are extraordinarily low, at simply 0.000005 SOL per transaction, which gives minimal direct returns for SOL holders. Given these new hires, will they generate renewed curiosity and demand for SOL amongst traders?
Solana News: The Foundation Hires ex-Binance and Polygon Execs as Part of a Hierarchy Shakeup
Rachel Conlan brings in depth expertise to her position at Solana, having spent three years as the international chief advertising and marketing officer at Binance, one in all the largest cryptocurrency exchanges.
Her earlier positions additionally embrace senior roles at OKX, CAA Sports, and Havas. At Solana, she is going to give attention to creating institutional partnerships, driving ecosystem development, and main gross sales initiatives to draw corporations to the Solana community.
Jamal Raees has additionally joined Solana from Polygon Labs and has a powerful background in fee techniques and stablecoins, gained via his work at Bridge (now a part of Stripe) and Wyre.
In his position, he’ll construct relationships with fee corporations and companies seeking to transfer funds throughout the Solana platform.
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Solana Price Analysis: What Will the New Hires Mean for SOL?
In Solana worth information, SOL is buying and selling round $124, in accordance with the newest CoinGecko information, up roughly +2.7% over the previous 24 hours and 14.5% over the final seven days. Its market capitalization is about $73Bn, making it one in all the largest cryptocurrencies by worth.
The latest rebound has strengthened SOL’s short-term technical image, with the token recovering from under $100 earlier this month. CoinGecko’s historic information reveals SOL closing at $122.08 on September 25, highlighting the energy of the newest transfer.
At present ranges, $120 is a vital psychological assist zone, whereas a sustained transfer above $125 may put $130 into focus. Beyond that, $140 may turn out to be the subsequent important resistance space.
With SOL nonetheless roughly -58% under its $293.31 all-time high, the token has substantial floor to get better if broader market momentum stays bullish.
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