- Elon Musk’s Sol plans have ignited another buzz, with the blockchain possibly being chosen for his plans with Doge.
- Is 2025 Solana’s year?
Solanas [SOL] Cutting-edge technology and unparalleled throughput stole the spotlight, with Donald Trump choosing his network for the Trump launch.
Now all eyes are on Elon Musk as speculation Heats up about Solana blockchain powering his Doge venture.
Solana: the chosen ones?
It’s no surprise that Sol’s recent price action has been largely fueled by high-profile use cases. Recently the official Trump [TRUMP] Memecoin rode SOL to a new all-time high, surging over 19% just hours after launch.
But like all “hype”, it fades quickly. Sol is now down 16%, with the MACD crossover hinting at a bearish shift.
Moreover, a 10% dip in just 24 hours—much worse than its rivals—shows heavy gain, as SOL remains 31% higher than its previous support.
Clearly, the Trump memecoin’s gains are close to being wiped out, signaling a massive sell-off as smart investors made up as momentum slowed.
Still, it helped Sol bounce back from its slump and pushed it past $200. The ‘Trump Pump’ brought in $33 billion in volume – the highest ever in a single day.
Source: Santiment
Given all this, it’s no wonder the market is buzzing after Elon Musk pointed out another blockchain-inspired use case for his Doge project. Although Solana was not named, history suggests it could be the chosen one.
Think back to 2021’s Dogecoin [DOGE] rally. Elon Musk’s endorsement sent Doge up over 1,000%. Could Sol be next for a similar 2025 surge?
Elon Musk: Sol’s new savior?
Since Trump’s ‘pro-crypto’ push, the line between blockchain and politics is getting closer. Stricter regulations, zero capital-gain tax and the rise of strategic reserves are making headlines.
While an executive nod is still pending, it’s clear that this is just the beginning of what 2025 has in store.
Meanwhile, Elon Musk’s growing interest in using blockchain for Doge – tracking financing, making payments and securing data – adds more excitement.
With Solana’s powerful technology, it’s easy to see why it can lead the way.
Solana’s unique consensus mechanism allows it to quickly process transactions, encrypt data, and protect information like no other, allowing it to surpass rival blockchains in on-chain trading volume.
Source: Defillama
The Trump launch is a good example of this, and Solana’s own cross-chain initiatives go even further.
Is your portfolio green? View the Solana profit calculator
And grow with Grayscale’s ask For a Sol ETF and the SEC becoming more crypto-friendly, 2025 could be Solana’s breakout year.
Given all this, it’s not far-fetched to imagine Elon Musk plucking Sol for his Doge venture.