The Solana Policy Institute donation of $500,000 to support Tornado Cash developers coincides with a major price move from Solana’s native token, SOL. The asset broke through the $213 resistance level, its highest point since February, signaling a potential breakout in both legal and market narratives.
Solana Policy Institute is Open-Source Defense Support
Solana Policy Institute (SPI) donated $500,000 to the lawyers defending Tornado Cash creators Alexey Pertsev and Roman Storm, who are facing criminal charges in the United States and Netherlands for creating privacy-preserving blockchain code.
SPI’s announcement elaborated that open-source protocol creators do not hold control over how other people use the instruments that they create. It was worse than blaming a developer of an instant messaging software for how it is used to commit crime. The community demanded fair treatment of blockchain developers and issued a decree stating that innovation and open-source programming must be protected by free speech exceptions.
The gift is amongst the largest public defense gifts in the blockchain world and is a sign of increased worry about government overreach into crypto cases.
SOL Breaks $213 Resistance, Aims at Higher Levels
Despite the legal battle continuing, Solana’s token SOL has broken past the $213 resistance level for the first time in more than six months as its price was consolidating. This follows a 4.7% daily increase, suggesting increasing investor demand following months of consolidation.
The investors are considering this breakout to be a technical shift in strength. The price of SOL was moving within a narrow range, and its support was at $150 while resistance was at around $213. This new trend indicates future growth, and the analysts are considering $230 and $250 as short-term targets.
However, if SOL fails to stay above $200, it may move to lower supports. Market sentiment is still bullish on the back of institutional buying and growing on-chain usage of the Solana ecosystem.
A Solana Ecosystem Turning Point
These concurrent events (the high-profile donation to legal defense and significant price breakout) underscore Solana’s growing involvement in legal activism and blockchain performance. The SPI donation can shape future regulatory debates regarding developer accountability.
Meanwhile, SOL price action represents faith in the network’s capability to absorb and further expand its user base. Combined, they point to Solana not just battling for what it stands for, but winning in the market.
