Since April 7, when Solana printed a low of $95.26 per SOL, it has risen 40% to $132.77 per SOL as of April 12.
Solana has seen similar moves in the past, only to fade afterward. A recent example is when President Donald Trump announced the idea of a Crypto Reserve, with Solana being a part of it. Following that announcement, Solana rallied 40% before continuing to decline.
Don’t Miss:
Solana’s market structure has also remained bearish, even after the recent rally. But could this be the higher timeframe shift the bulls have been waiting for?
Let’s take a look.
Solana’s Fundamentals
It’s always important to understand the asset or market you’re looking to trade or invest in. When it comes to Solana, it is a highly volatile market—an extreme beta-driven asset at the end of the day.
This means Solana tends to move in line with the overall market. If Bitcoin trades higher, Solana will likely see even larger gains — but it could also experience steeper losses if Bitcoin moves lower.
Solana’s fundamentals are rooted in its high-performance blockchain infrastructure, designed for speed and scalability. With its unique Proof-of-History consensus combined with Proof-of-Stake, Solana can handle thousands of transactions per second with low fees, making it attractive for developers building DeFi platforms, NFT marketplaces, and real-time applications. Its ecosystem has grown rapidly, supported by a strong developer community and growing institutional interest.
Trending: BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.
Memecoins have played a big role in the push that Solana has seen over the last few months as it made its way back toward all-time highs. The reason for this is that they’ve driven a surge in on-chain activity, attracting both retail and speculative capital to the Solana ecosystem. With low transaction fees and fast execution times, Solana became the preferred network for launching and trading memecoins—leading to increased demand for SOL as users needed it to participate. This wave of hype and user engagement helped fuel momentum, reinforcing Solana’s position as a top-performing blockchain during this cycle.
