- Solana ETF was gaining momentum after Trump-led memecoin mania shattered records.
- ETFs have been game-changers for BTC and ETH—could SOL be next?
It’s clear as day – Solana [SOL] is ruling the roost in the world of meme coins, as half of the top ten meme coins are constructed on its blockchain.
The latest “Trump card” underscores its significant impact now. As 2025 kicks off with momentum, might this be the year when we finally witness the launch of a Solana Exchange-Traded Fund (ETF)?
Better late than never
In an unexpected turn of events, Solana experienced a significant increase of 19%, marking its largest single-day leap ever. This surge wasn’t a random occurrence. The day before President-elect Trump’s inauguration, his team made a strategic entry into the crypto market. And the market’s response? Far from surprising.
Within a span of only 36 hours, the newly introduced memecoin called Official Trump soared to unprecedented heights, increasing by an astounding 28,000%. It swiftly claimed the number one position on the Solana platform, boasting a market capitalization of a staggering $12 billion. However, the excitement didn’t subside there; it continued to build momentum.
Within just two days, Melania Trump, our First Lady, entered the fray by introducing her very own meme-based cryptocurrency, which we now know as [MELANIA].
At the moment of reporting, it had surged past an astonishing 24,000%, reaching $12.63, which established a market value of approximately $5.2 billion and earned the 4th position on Solana’s rankings.
These coins share something beyond just memes; they represent the initial tangible step by the Trump administration into the cryptocurrency realm, a shift from verbal commitments to practical actions.
The most significant takeaway? Both chose Solana as the platform for their debut.
Straight away, the price of Solana experienced a significant boost. It peaked at an unprecedented high of $295.83, while its 24-hour DEX trading volume also set a new record at approximately $23.7 billion. Furthermore, the cumulative market capitalization of all memecoins associated with Solana skyrocketed by 30%, standing at an impressive $30.8 billion as we speak.
It’s no shock that discussions about a Solana Exchange-Traded Fund (ETF) have reignited. Given the impact of Bitcoin and Ethereum ETFs, is it possible that Solana might follow suit?
Solana ETF: A soon-to-be reality?
Opting for Solana offers an advantage due to its technology being a leap forward. In terms of transactions per second (TPS), Solana processes approximately 4,392 compared to Ethereum’s 12-15. This speed factor is crucial when it comes to memecoins, where market volatility dominates, because in these scenarios, timing becomes everything.
Even after a massive increase in value due to the TRUMP and MELANIA coin releases, Solana has yet to reach Ethereum’s previous lowest market capitalization from two years ago.
In fact, it’s a far cry from Ethereum’s current $407 billion.
Read Solana’s [SOL] Price Prediction 2025-26
It seems there’s some delay or issue we need to address here. The role of Exchange-Traded Funds (ETFs) is quite significant and they play a key part in this narrative. For instance, Bitcoin experienced its largest single-day inflow ever, totaling $1.3 billion, only a day after the recent election. Similarly, Ethereum saw a substantial influx of funds as retail investors cashed in on what’s been termed the “Trump pump”.
Solana kept pace, rising by approximately 11.99%, close to Ethereum’s growth of 12.37%. If Solana had an ETF (Exchange Traded Fund), institutional investment might have flooded in, potentially amplifying its rise even further.
Despite the recent TRUMP-related development, which questions the Securities and Exchange Commission’s stance on Solana ETFs, it appears that the market response indicates a shift. With Donald Trump back in the White House, there’s an increasing possibility of a Solana ETF, making Solana a cryptocurrency worth keeping a close eye on in 2025.
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2025-01-20 16:08