Solana Hits $227 as Forward Industries Raises $1.65B, Just a Coincidence?

So, Solana’s price surge to $227 came at the same time Forward Industries announced a $1.65B raise for treasury financing, along with some changes to its board.

The timing feels interesting. On one side, Solana has been riding strong momentum with developers, DeFi activity, and meme coins pumping. On the other, a big raise like this adds a narrative layer that could be fueling sentiment.

What I keep wondering is how much of these moves are tied to fundamentals versus market psychology? Is the rally mostly about Solana’s own growth, or do big institutional headlines like this push traders to pile in?

wanted to know what others think, is this just correlation, or could treasury financing news actually have a deeper impact on Solana’s ecosystem and valuation?