Sonder
Crypto Trader, Publisher of Sonder Signals
Solana is one of the two obvious winners of the current on-chain rotation, alongside Robinhood chain. The on-chain bottom was put in months ago, so the path from here is range, then higher, across everything, and on-chain activity stays alive even if majors dip. The playbook is to sell into froth and slowly accumulate the next ecosystem with future catalysts and a reason for people to rotate in, keeping size modest where volume is thin. x.com
Solana remains bullish through a mini onchain bear season because it keeps producing real innovation and novel products from really smart developers. Onchain activity is just as weak on Robinhood's chain and BNB, but once it picks back up, Solana's products and coins should rerate. x.com
Solana may already have bottomed as crypto enters an existential crisis, which is usually how bottoms form. More and more people are leaving the space, pivoting to stocks or exiting crypto entirely, and it takes the capitulation of every bull to bottom the market. For anyone who believes crypto eventually comes back, current levels near $66 for Solana are attractive places to deploy capital, and a vibe shift is starting to show. x.com x.com
Pump.fun monetizes by selling SOL to buy PUMP, favoring PUMP over Solana's native token. Over the long term, the two should flip, primarily because SOL is expected to fall to $12. x.com
Solana keeps grinding higher because it is the fastest chain in the space, with real usage, real volume and builders shipping constantly while the rest of the market argues over narratives. The chart projects a 37% next move. x.com
Solana is harder to fade because StonkFun's launchpad generated over $20 million in revenue in the last 30 days. SOL price action should follow. x.com
Solana looks like last cycle's Ether, a laggard among the majors, because its inflation keeps diluting holders. Emissions run about $5 million a day at current prices and rise as price climbs, and even with the new proposals SOL would remain inflationary. Growth in onchain activity does not accrue value to the token, and SOL was the worst-performing major even as ETH moved up. Any upside from the proposals passing is a short-term trade to sell into. x.com x.com
Solana's on-chain growth should soon show up in its price. Per @gemtoast, Solana has handled over 50% of daily crypto transactions for months and recently did about twice the rest combined. x.com
Altcoins have a stronger cycle setup because the Fed’s balance sheet has been growing again after shrinking from 2023 to 2025, when alts lagged Bitcoin. Improving risk ratios point the same way. The outlook is not certain: the author assigns 50% odds to chop, 40% to outperformance and 10% to a decline. x.com x.com x.com x.com x.com
Solana has lost its moats: speed and retail mindshare carried it this cycle, and every narrative it was meant to own now has a stronger competitor. Memecoin attention is spreading to Robinhood, BNB and Base, Robinhood is coming for tokenized stocks, and Hyperliquid owns perps. Solana's perps did $8.9B last week, which Hyperliquid often does in a day. As more volume settles in its $15.5B of stablecoins, SOL matters less beyond gas. Pump.fun has sold about 4.8M SOL and expanded beyond Solana. … Show more
Solana is now a much larger coin and has already had its big growth phase, so Bitcoin should recover first. Solana moves about 1.35x as much as Bitcoin, so a 1.5x Bitcoin move implies roughly $195-$200, not the $234 level at Bitcoin's $125K high. Solana should still reclaim its old high later this cycle. x.com x.com
