Trader Nachi has made bold claims about the future of Solana (SOL) following the meteoric rise of TRUMP, a memecoin launched on Solana and endorsed by US President-elect Donald Trump.
Nachi revealed in a recent post that the TRUMP token has shaken up his portfolio but believes it signals a massive shift in the crypto market.
“All the coins in my portfolio were attacked by TRUMP, but only one coin skyrocketed,” Nachi said. “It doesnt matter if you missed the TRUMP trade, I missed it too, but now there is a simpler and more obvious opportunity.”
The trader claimed that Trump‘s support positions Solana as the “American blockchain,” a move that further undermines Ethereum’s dominance. “Trump is basically telling us that Solana is the ‘American blockchain,’ which he fully supports, and it‘s putting another nail in Ethereum’s coffin,” he said.
According to Nachi, this support is a potential catalyst for Solana to surpass Ethereum (ETH) in market cap. Nachi predicts that more high-profile names will launch memecoins on Solana, further increasing its momentum. “I always believed that SOL would surpass ETH; it just needed a big catalyst, and now that catalyst has finally arrived,” he added.
The trader also claimed that many Ethereum maximalists are reallocating their assets to Solana due to the changing market dynamics. “There has already been a huge wealth effect. Many Ethereum maximalists I know have had to sell ETH to buy SOL,” he said.
Looking ahead, Nachi suggested that Solana could double its current price and potentially reach $500 per token. “Even if it takes time, it shouldnt be difficult for SOL to double to $500,” he said.
“Today will be remembered as a significant victory for the Solana community and one of the darkest days for the Ethereum community,” Nachi concluded.