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In a significant strategic move, the Solana Foundation announced on September 24, 2026, the appointment of Rachel Conlan, former Chief Marketing Officer at Binance, as Chief Strategy Officer. Additionally, Jamal Raees, a veteran from Polygon Labs, has joined as General Manager of Payments.
The foundation stated that these hires are designed to secure partnerships with banks, asset managers, and payment companies as the financial sector increasingly adopts blockchain technology.
I’ve joined @SolanaFndn as Chief Strategy Officer. What excites me is Solana’s position to bring Internet Capital Markets to life: connecting assets, trading and payments on one global network, open to anyone, around the clock.
You can already see it happening: $200M in…— Rachel Conlan (@RachelConlan) September 24, 2026
Solana currently leads all blockchains in tokenized stock trading, holding more tokenized stocks than any other platform. As of September 27, SOL was trading at approximately $123, reflecting a 2.8% daily increase following a 15% weekly surge.
Despite processing $5 trillion in stablecoin volume, Solana’s transaction fees remain extremely low at just 0.000005 SOL per transaction, which offers minimal direct returns for SOL holders. The question remains whether these high-profile hires will generate renewed interest and demand for SOL among investors.
Solana (SOL) 24h 7d 30d 1y All time
Solana Foundation Hires Ex-Binance and Polygon Execs Amid Leadership Shakeup
Rachel Conlan brings extensive experience to her new role, having served as global chief marketing officer at Binance, one of the world’s largest cryptocurrency exchanges, for three years.
Her previous senior roles include positions 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.
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Jamal Raees joins Solana from Polygon Labs, bringing a strong background in payment systems and stablecoins gained through his work at Bridge (now part of Stripe) and Wyre.
In his new role, Raees will build relationships with payment companies and businesses looking to move funds across the Solana platform.
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Solana Price Analysis: What Do the New Hires Mean for SOL?
$SOL to $140
you don’t want to fade it as it chews up one of its biggest HTF resistance levels pic.twitter.com/BhKytpDdZ0— gum (@gumsays) September 27, 2026
According to the latest CoinGecko data, SOL was trading around $124, up approximately 2.7% over the past 24 hours and 14.5% over the last seven days. Its market capitalization stands at roughly $73 billion, 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 in the month. Historical data from CoinGecko shows SOL closing at $122.08 on September 25, highlighting the strength of the latest price movement.
At current levels, $120 serves as an important psychological support zone, while a sustained move above $125 could bring $130 into focus. Beyond that, $140 could become the next significant resistance area.
With SOL still approximately 58% below its all-time high of $293.31, the token has substantial ground to recover if broader market momentum remains bullish.
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