- 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?
There’s no doubt – Solana[SOL] is dominating the memecoin ecosystem, with 50% of the top ten memecoins built on its blockchain.
The recent “Trump bomb” shows just how powerful it’s become. With 2025 starting strong, could this be the year we finally see a Solana ETF?
Better late than never
In an unexpected twist, Solana surged 19% in a single day – the biggest jump in its history. And it wasn’t a fluke. Just a day before President-elect Trump’s swearing-in, his team made its official move into crypto. And the market’s reaction? Not at all surprising.
In just 36 hours, Official Trump [TRUMP], a new memecoin, shot up by an astonishing 28,000%, claiming the top spot on Solana with a $12 billion market cap. But the frenzy didn’t stop there.
First Lady Melania Trump joined the action less than 48 hours later, launching her memecoin, [MELANIA].
It has soared over 24,000% to hit $12.63 at press time, securing a $5.2 billion market cap and the 4th spot on Solana’s leaderboard.
Source: CoinGecko
These coins have more in common than just memes. Their launch marks the Trump administration’s first real move from words to action in the crypto world.
The most significant takeaway? Both chose Solana as the platform for their debut.
The impact on Solana’s price was immediate. It hit a new all-time high of $295.83, with 24-hour DEX volume hitting a record $23.7 billion. The total market cap of all Solana-based memecoins surged by 30%, reaching $30.8 billion at press time.
No surprise, the debate around a Solana ETF is back in full swing. With Bitcoin and Ethereum ETFs already changing the game, could Solana be next?
Solana ETF: A soon-to-be reality?
Why Solana? Its technology is a step ahead. With 4,392 TPS (Transactions per second) compared to Ethereum’s 12-15, Solana’s speed is crucial. For memecoins, where volatility rules, timing is everything.
Source: Solana Explorer
Yet, despite the huge boost from the TRUMP and MELANIA coin launches pushing its market cap to $140 billion, Solana still falls short of Ethereum’s lowest market cap of $180 billion 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
So, what’s the hold-up? ETFs are a big part of the story. Just look at Bitcoin: $1.3 billion – its largest-ever inflow – was recorded just a day after the election last year. Ethereum also saw millions flowing in, as retail investors capitalized on the “Trump pump”.
Solana didn’t fall behind, surging 11.99%, nearly matching Ethereum’s 12.37%. But imagine if Solana had its own ETF. Institutional capital could have poured in, giving it an even bigger boost.
It’s not too late, though. The recent TRUMP bomb directly challenges the SEC’s stance on Solana ETFs, and the market’s reaction says it all. With Trump back in the White House, a Solana ETF is looking more likely than ever – making Solana the coin to watch closely in 2025.
