In Solana news, the Solana Foundation recently announced 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 foundation made this announcement on September 24, 2026.
The foundation believes that these new hires will help secure partnerships with banks, asset managers, and payment companies as the financial sector increasingly shifts towards blockchain technology.
Solana currently leads all blockchains in tokenized stock trading, with more tokenized stocks than any other platform. As of September 27, SOL trades at around $123, up +2.8% for the day following a +15% weekly surge.
Despite $5 trillion in stablecoin volume, Solana’s transaction fees are extremely low, at just 0.000005 SOL per transaction, which offers minimal direct returns for SOL holders. Given these new hires, will they generate renewed interest and demand for SOL among investors?
Solana News: The Foundation Hires ex-Binance and Polygon Execs as Part of a Hierarchy Shakeup
Rachel Conlan brings extensive experience to her role at Solana, having spent three years as the global chief marketing officer at Binance, one of the largest cryptocurrency exchanges.
Her previous positions also include senior roles at OKX, CAA Sports, and Havas. At Solana, she will focus on developing institutional partnerships, driving ecosystem growth, and leading sales initiatives to attract companies to the Solana network.
Jamal Raees has also joined Solana from Polygon Labs and has a strong background in payment systems and stablecoins, gained through his work at Bridge (now part of Stripe) and Wyre.
In his role, he will build relationships with payment companies and businesses looking to move funds across the Solana platform.
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Solana Price Analysis: What Will the New Hires Mean for SOL?
In Solana price news, SOL is trading around $124, according to the latest CoinGecko data, up roughly +2.7% over the past 24 hours and 14.5% over the last seven days. Its market capitalization is about $73Bn, making it one of the largest cryptocurrencies by value.
The recent rebound has strengthened SOL’s short-term technical picture, with the token recovering from below $100 earlier this month. CoinGecko’s historical data shows SOL closing at $122.08 on September 25, highlighting the strength of the latest move.
At current levels, $120 is an important psychological support zone, while a sustained move above $125 could put $130 into focus. Beyond that, $140 could become the next significant resistance area.
With SOL still approximately -58% below its $293.31 all-time high, the token has substantial ground to recover if broader market momentum remains bullish.
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