<\/p>\n
Multi-billion dollar memecoin scams and investor unlocks torched Solana sentiment in Q1, but SOL is starting to outperform again.<\/p>\n
Solana\u2019s euphoric post-TRUMP<\/a> run to all-time highs was quickly thwarted<\/a> by a number of massive memecoin scams<\/a> and investor unlocks<\/a>, but six months later, the token is surging against BTC again, fueled by digital asset treasury (DAT) speculation.<\/p>\n The SOL\/BTC ratio touched 0.002<\/a> today, its highest level since February 16, just two days after the LIBRA memecoin scandal. The ratio is now up nearly 54% from its low in June.<\/p>\n While SOL holders will welcome the reprieve, SOL\/BTC is still 35% below its cycle top of .0031 in March 2024, and 57% off its all-time high of .0047 in September 2021.<\/p>\n Solana\u2019s outperformance is likely catalyzed by traders and investors front-running the incoming Solana DATs, including Forward Industries\u2019 $1.65 billion private investment<\/a> led by Galaxy Digital, Jump Trading, and Multicoin Capital.<\/p>\n Forward\u2019s SOL accumulation appears to have already begun, with Galaxy Digital withdrawing $326 million of SOL from exchanges earlier today, according to Lookonchain and Arkham Intelligence<\/a>.<\/p>\n SOL<\/a> led the top ten cryptocurrencies in price performance from 2023 to 2024, surging more than 2000% to $293 in January 2025 from $13 in January 2023. Over the same period, BTC<\/a> rallied 517% from $17,000 to $105,000.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Multi-billion dollar memecoin scams and investor unlocks torched Solana sentiment in Q1, but SOL is starting to outperform again. Solana\u2019s euphoric post-TRUMP run to all-time highs was quickly thwarted by a number of massive memecoin scams and investor unlocks, but six months later, the token is surging against BTC again, fueled by digital asset treasury […]<\/p>\n","protected":false},"author":2,"featured_media":404774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-404773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/404773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=404773"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/404773\/revisions"}],"predecessor-version":[{"id":404775,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/404773\/revisions\/404775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/404774"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=404773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=404773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=404773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}