Solana’s Price Soars: Is Trump the New Crypto Whisperer? 🚀💰

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In the grand theater of financial intrigue, Solana (SOL) has pirouetted into the limelight, marking a dazzling 13 percent ascent in the past 24 hours, now trading at a princely $114 this fine Thursday, April 10. This surge, dear reader, is not merely a fluke but a harmonious echo of a broader crypto and stock market renaissance, all thanks to the illustrious U.S. President Donald Trump, who has decided to hit the pause button on trade wars. 🎭

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10 percent, also effective immediately,” Trump noted, as if he were orchestrating a symphony of economic recovery.

Solana Network Activity Spikes

In recent weeks, the Solana network has been akin to a slumbering giant, witnessing a notable dip in on-chain activity. Yet, fear not! The top DeFi developers have donned their capes, revamping their protocols—most notably with the reintroduction of streaming services on Pump.fun—to lure in new users from every corner of the globe. 🌍

Market data from defillama reveals that Solana’s DEX volume has outshone its layer one counterparts, soaring to an impressive $2.77 billion in the last 24 hours. Talk about a glow-up! 💥

As fund managers, led by the ever-ambitious Fidelity, rally for the U.S. SEC to greenlight spot Solana ETFs, on-chain data unveils a flurry of whale activity for SOL. For instance, Lookonchain reports a long-term whale has splurged on 32k SOL in the past 24 hours. 🐋

A whale bought another 32,000 $SOL ($3.72M) after 6 months.

This whale seems to be extremely bullish on $SOL.

Three years ago, he bought 30,541 $SOL ($6.61M) at $216 and didn’t sell — even when $SOL dropped below $10.

— Lookonchain (@lookonchain) April 10, 2025

Dead Cat Bounce or Further Rebound Ahead?

The price of SOL has been dancing to the melancholic tune of the wider altcoin market, led by the ever-dramatic Bitcoin (BTC), since Trump’s second inauguration. This large-cap altcoin, boasting a fully diluted valuation of about $69 billion, has been forming a potential megaphone structure in the daily timeframe. Quite the spectacle, isn’t it? 🎪


After rebounding from a crucial support level of around $105, the SOL price is poised to craft a reversal pattern in the coming days, especially as we gear up for the much-anticipated 2025 altseason. 🥳

Depending on the unfolding saga of the U.S.-China trade war, SOL price is likely to reclaim the support level above $120 after the New York markets open later today. Buckle up, folks! 🎢

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2025-04-10 13:08