GSR Model Makes Solana Largest Holding at 43.6%

Cryptocurrency market maker GSR has significantly reshuffled its Core3 model portfolio, making Solana its largest holding while reducing allocations to Bitcoin and Ethereum. The rebalancing, announced on August 12, 2026, reflects the firm's assessment of short-term momentum and relative strength among the three major digital assets.

In the latest update, GSR raised Solana's weight to 43.6, making it the model's top position. This marks a sharp increase from the prior week's allocation of 36.5. Conversely, Bitcoin's weighting was cut to 16.9, the smallest among the three assets, down from 19.3 on August 5. Ethereum's allocation also declined, falling to 39.5 from 44.1.

The shift is driven by GSR's proprietary relative alpha signals, which have recently strengthened for Solana. The token has shown stronger near-term price momentum, gaining 2.98 over the past seven days and outperforming both Bitcoin and Ethereum in that period. Bitcoin fell 1.02 and Ether slipped 0.20 over the same week. However, GSR noted that Solana's trading volume has softened over both seven and 30-day periods, suggesting that its larger model weight does not coincide with stronger liquidity.