Solana Foundation Appoints Ex-Binance CMO for Institutional Push
Solana (SOL)
Editor:
Eugene Serbin
Cvj.ai reports that the Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. In a parallel move, ex-Polygon Labs executive Jamal Raees joins as general manager of payments. These hires aim to accelerate institutional adoption and payment activity on the network.
Conlan will oversee institutional partnerships, ecosystem growth, and go-to-market strategy. Raees will focus on stablecoins, tokenized deposits, and financial settlement infrastructure. The Foundation cites Solana processing over $5 trillion in stablecoin volume during 2026.
Real-world assets on the network have passed $4.5 billion, with tokenized equity supply above $620 million. This signals a pivot from consumer crypto applications toward serving banks and asset managers. Solana competes with Ethereum Layer 2s and private banking networks by offering high throughput and low costs. The network relies on performance and existing stablecoin liquidity to attract institutional users.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 26 September 2026. Not the outlet's figures.
Solana is trading at $122.15 with a 24-hour buy ratio of 55.6%, indicating that buyers controlled the majority of volume over the last day. However, the 1-hour buy ratio has dipped to 52.7%, and the 4-hour ratio is lower at 47.4%, suggesting that short-term buying pressure is fading relative to the daily average. The 24-hour volume delta is positive at $53,965,933, showing net accumulation over the day. In contrast, the 4-hour volume delta is negative at -$1,826,804, indicating recent selling pressure. Volume delta measures the difference between buy and sell volume, so a positive number means more money flowed into buys than sells. The recent negative 4-hour delta suggests this inflow is slowing down.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.0%, making today’s 24-hour ratio of 55.6% an unusual day with 5.6 points more buying activity. Spot volume was 1.29 times the weekly average, reflecting significantly higher trading activity than usual. The coin saw a price change of +8.4% over eight days, driven by a total volume delta of +$73,198,444. While today’s volume is elevated compared to the weekly norm, the short-term momentum has weakened. This day stands out as a period of increased institutional interest and volume, though immediate selling has emerged after the daily surge.