</p> <p>A recent social media post by crypto pundit MartyParty has sparked<br /> renewed interest in the early investment patterns surrounding<br /> Solana. This interest centers around the revelation that Lyndon<br /> Rive, a cousin of Elon Musk, was among the first investors in<br /> Solana, a fact that has largely flown under the radar since Rive’s<br /> announcement on July 30, 2019. “Why is Elon Musk’s cousin Lyndon<br /> Rive one of the first investors in Solana. Rive is a cousin of Elon<br /> Musk as their mothers are twin sisters,” Marty remarked. The Story<br /> Of Solana And Elon Musk’s Cousin Lyndon Rive, better known as the<br /> co-founder of SolarCity and cousin to tech mogul Elon Musk, has<br /> maintained a lower profile compared to his renowned relative.<br /> Despite their familial ties, Rive’s investment trajectory has<br /> diverged notably from Musk’s, especially after Rive left SolarCity<br /> following its acquisition by Tesla in 2016. In July 2019, Rive<br /> invested in Solana Labs, the company behind the SOL blockchain. The<br /> project, launched in 2018, is distinguished by its use of a Proof<br /> of Stake consensus mechanism, which aligns with the growing<br /> interest in more energy-efficient blockchain technologies. While<br /> Rive’s participation in the Series A funding of Solana was not<br /> singularly significant, it was part of a crucial $20 million<br /> funding round that helped kickstart the project. Subsequent<br /> investments by entities like CoinList and MXC Exchange bolstered<br /> Solana’s growth, cumulatively raising an additional $40 million.<br /> Related Reading: Is Fantom (FTM) About To Explode Like Solana<br /> (SOL)? This Analyst Thinks So The connection between Rive’s<br /> investment in Solana and Musk’s stance on SOL remains unclear. Elon<br /> Musk is widely recognized for his enthusiasm for Dogecoin, often<br /> expressing support for the meme coin. Additionally, Tesla, under<br /> Musk’s leadership, has included Bitcoin as part of its corporate<br /> balance sheet. However, Solana was never mentioned by Musk.<br /> Notably, after Tesla ceased accepting Bitcoin in May 2021 citing<br /> environmental concerns, the Solana Foundation reached out to Musk<br /> via Twitter, answering “dms are open”. Musk has never responded<br /> publicly, suggesting that there is no official connection between<br /> Musk and Solana despite his cousin’s investment. Related Reading:<br /> Solana Price’s 70% Rally Persuades Detractor, Arthur Hayes Makes<br /> Confession The intrigue deepens with the parallel choices of Musk<br /> and Solana’s co-founder, Anatoly Yakovenko, in favoring the Rust<br /> programming language for their respective projects, xAI and SOL.<br /> xAI’s recent announcement lauds Rust for its robustness and<br /> reliability, essential for scalable and maintainable<br /> infrastructure. Crypto expert Joe McCann commented: “Elon Musk<br /> chooses Rust for xAI. Anatoly Yakovenko chose Rust for Solana.” In<br /> conclusion, while Rive’s early investment in Solana is a notable<br /> piece of the platform’s history, the extent of his influence or any<br /> indirect connection to Musk remains speculative. Nevertheless, it<br /> is a story to keep in mind. SOL Prize Takes A Break At press time,<br /> SOL was trading just below $40 and was undergoing a retest after<br /> the price broke out of the trading range post the FTX crash last<br /> week. A daily close above $38.76 could be crucial to establish a<br /> new range and possibly target the 1,618 Fibonacci extension level<br /> at $57.85. 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