• Solana is undergoing a major network strain amid the massive TRUMP and MELANIA embrace.
  • The coin is projected to soar to $300 if sentiments translate to an upshoot in the long term.

The emergence of a new administration in the US has raised an optimistic outlook within the crypto community. Several digital assets experienced a boom on Monday, while others like Solana (SOL) lagged. Amid the decline, Solana received attention, which has raised speculations about the asset hitting the $300 level.

How Solana is Fairing

As of this writing, the SOL price was trading at $238.6, demonstrating a 9.3% decrease in the last 24 hours. The drop in Solana is quite substantial after the asset rallied to a new all-time high of $294.33. 

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A market data platform CoinCodex prediction reveals that Solana’s chances of hitting $300 are slim. The platform forecasted $246 as the highest value SOL will surge during the next few days. The altcoin must surge more than 26% from its current price level to hit the anticipated $300.

Meanwhile, a recent post associated with Donald Trump’s 18-year-old son, Barron Trump, barely made a difference in SOL’s price. On Monday, an X account with the username @TrumpwBarron shared a post, which read , “hi @Solana.”

This post quickly gained widespread attention within the crypto community, with Solana supporters expressing excitement about Trump endorsing the altcoin. However, several market players questioned the account’s credibility, claiming that Barron Trump does not have an X account.

The account has amassed a staggering 1.1 million followers and has been suspended for violating X rules. Before the account went down, the poster deleted the Solana post and even changed its username to @tantemeilany. 

The move from the X account highlights the growing rate of scams in the crypto industry. As a result, Solana investors are advised to remain watchful so they can avoid potential scams.

SOL Catalyst to watch- ETFs, Memecoins, Upgrades

Several factors around the Solana ecosystem could help SOL reclaim its all-time high or even hit the coveted $300. Firstly, there are growing discussions surrounding the launch of an SOL Exchange-Traded Fund (ETF), as previously mentioned in our report.

Given the emergence of a US pro-crypto government under Trump, the demand for a Solana ETF will likely intensify in 2025. A Solana ETF might attract large institutional investment if approved, raising its profile even further in the global crypto market.

Solana’s rapid adoption of memecoins like “Trump bomb” and “MELANIA” could reignite investors’ attention to SOL. According to a recent study CNF reported on, an impressive 50% of the top ten memecoins are now built on Solana, solidifying its influence in the market. This surge is attributed to Solana’s robust infrastructure, which is renowned for its speed and scalability.

Meanwhile, the recent launch of the Official Trump coin (TRUMP) and Melania memecoin on Solana exposed the network to glitches. Commenting on this, Coinbase CEO Brian Armstrong assured users the team is working to scale the protocol’s infrastructure to meet the fast-rising demand.

It is worth noting that the team introduced a proposal earlier this month, dubbed “SIMD-215,” to address Solana’s scalability issues.