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This Solana's Code Points To A Rally To $253, But There's A Catch

Andreessen Horowitz's $50 million investment supports Jito's infrastructure scaling and developer tools to enhance Solana's liquid staking and expand its global ecosystem.

  • On Thursday, Andreessen Horowitz's a16z crypto invested $50 million into Jito Foundation via a private token sale, marking the largest single-investor commitment, the firm announced.
  • The funding follows Jito's September launch of Block Assembly Marketplace and will expand Jito Foundation's validator infrastructure and JitoSOL, which holds over $3.2 billion in market cap.
  • Brian Smith said the deal included a token allotment for a16z and promotes long-term alignment tied to Solana’s growth, while Ali Yahya said Jito’s tools position it for Solana’s next wave.
  • JITO prices reacted, rising about 4% to $1.17, while a proposed VanEck JitoSOL ETF could provide traditional investors regulated staking exposure.
  • Amid a selloff that saw nearly $400 million in outflows, Solana is under technical pressure near $188 after failing to sustain above $200 and retesting $186 support.
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Fortune broke the news in New York, United States on Thursday, October 16, 2025.
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