- Solana’s price could surpass $370 in 2025, fueled by Trump team’s strategic SOL purchases.
- $TRUMP memecoin’s launch on Solana drives daily trading volumes to $28.5 billion.
- SOL faces resistance at $295 and $310; support holds at $240 amid bullish market sentiment.
Solana’s price shows strong potential to exceed $370 in 2025, fueled by increased activity in its blockchain ecosystem after the $TRUMP memecoin launch. Announced by President Donald Trump, the token has spurred significant trading volume, pushing daily transactions to $28.5 billion.
Trump Team’s Strategic Role Boosts Solana’s Popularity
The launch of $TRUMP memecoin, reaching a $27 billion market cap within hours, has created waves in the crypto market. While there’s no direct evidence that Trump’s team purchased additional Solana (SOL) tokens, the ecosystem continues to benefit from the token’s success.
Solana’s high transaction capacity and low fees made it the blockchain of choice for the memecoin launch. Following this, network activity surged, with transaction fees climbing to $35 million. The Trump team also reinvested $7 million in liquidity fees back into Solana, showcasing their confidence in its infrastructure.
Price Prediction: Can Solana Surpass $400?
Analysts maintain a positive outlook for Solana’s performance. Current projections suggest the token could exceed $300 in the short term, thanks to increased adoption and network activity. Some forecasts even predict a rise to $370 or higher by mid-2025, contingent on breaking key resistance levels.
Resistance zones stand at $295 and $310, while support remains strong at $240, with $220 as a crucial long-term threshold. Breaking the $300 barrier could pave the way for Solana to approach $400, assuming favorable macroeconomic conditions and overall crypto market sentiment.
Solana’s robust technical foundation and its role in $TRUMP memecoin’s success have surely been the driving factor. While there is no confirmation of additional SOL purchases by Trump’s team, the blockchain continues to attract growing interest, making 2025 a promising year for Solana.
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