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The Solana price edged up by over 1% in the past 24 hours, trading at $147.66 as of 3:59 a.m. EST, with trading volume plunging 31% to $2.9 billion.
This slight uptick in the SOL price comes as prominent investor Anthony Scaramucci predicted that Solana would end up flipping Ethereum by market capitalization, while appearing at the DigiAssets 2025 conference.
🔮 SkyBridge Capital founder Anthony Scaramucci said that "the market value of #SOL will outperform #ETH"
— Nehal (@nehalzzzz1) June 19, 2025
However, Scaramucci remains uncertain about the exact timing of a potential flip. Currently, Ethereum holds a market capitalization of $309 billion, while Solana trails at $78 billion.
Can SOL realistically climb more than 4X to close that gap?
Solana Price Still In Consolidation Within A Wedge – Incoming Reversal?
From a short term perspective, the SOL price on the 1-day chart shows that the asset has been trading within a falling wedge pattern. This classical bullish reversal formation suggests that Solana price compression may precede a potential breakout.
The wedge formed after a significant run-up from point A to point B (around $175 to $271), followed by a systematic decline toward point C (around $144), and then a moderate rally into point D (near $180), forming a textbook A-B-C-D structure within the wedge, as GeckoTerminal data shows.
The Solana price has struggled to break above the key resistance zone between $170 and $80, which includes both the 50-day and 200-day Simple Moving Averages (SMAs) and a horizontal resistance cluster.
Additionally, the Relative Strength Index (RSI) sits at 43.21, placing it in neutral territory but leaning slightly toward the bearish side.
SOL/USD chart analysis (Source: GeckoTerminal)
Scaramucci’s SOL Prediction Fuels ‘Solana Summer’
Looking ahead, the price of Solana may rally toward the $180 level if it successfully breaks out of the falling wedge pattern with momentum and volume confirmation. Conversely, failure to hold above $140 could open the door for a retest of the $125 support zone, maintaining the broader downtrend structure.
If Scaramucci’s prediction proves accurate, Solana could be entering a sustained long-term bullish trend. Data from Coinglass indicates that the “Solana Summer” is gaining momentum, with both market capitalization and price showing signs of recovery. This would put SOL within the $600 level.
Meanwhile, investors are flocking to a new Solana project called Solaxy (SOLX) as claims will go live in approximately 3 days, with listings to follow shortly thereafter.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Rushing Towards The $60 Million Mark – 3 Days Left To Buy
Solaxy is currently in presale, having raised over $55.4 million to date. This makes it the biggest Solana presale in history, so the market could expect significant gains if Solana starts to rally in the coming weeks.
The presale will end in 3 days, leaving investors scrambling not to miss the cut-off date.
Solaxy is building the world’s first Solana layer-2 blockchain, aiming to tackle the network’s congestion issues by utilizing off-chain computation and transaction bundling technology.
Although fast and cheap, Solana’s mainnet faces growing pains. Up to 50% of non-voting transactions fail during peak periods due to meme coin frenzies and bot activity.
Solaxy tackles those issues head-on by processing transactions off-chain using rollup technology, bundling them, and settling them on Solana’s mainnet.
Solaxy’s approach promises faster, cheaper, and more reliable transactions, positioning Solaxy as a critical upgrade for Solana’s ecosystem.
Additionally, the Solaxy team has deployed the Igniter Protocol, which enables users to create new tokens and have them listed directly on the upcoming Solaxy DEX. Other recent developments include a Hyperlane partnership, enabling seamless interoperability between Solana and Ethereum, as well as a 20 billion SOLX token burn, which increases scarcity.
Another MASSIVE burn. 🔥
We’ve just burned 20,000,000,000 $SOLX, further tightening supply ahead of mainnet.
This follows our previous 35B $SOLX burn, bringing the total burn to 55 BILLION $SOLX – That's ~40% already burned!
View here: https://t.co/0izmHfkIJv
Less supply.… pic.twitter.com/Q7rIj0BCbc
— SOLAXY (@SOLAXYTOKEN) June 19, 2025
The project’s native token, SOLX, powers the network’s transactions, governance, and staking.
Investors are also being drawn by Solaxy’s staking program, which offers a massive 76% annual return. Over 15 billion SOLX tokens have already been staked.
The SOLX token is currently priced at $0.001766, and investors can join the presale via the official Solaxy website using ETH, BNB, USDT, or cards.
Interested investors will want to buy before the presale ends in 3 days.
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