**Solana Rises 15% on Trump’s Tariff Rollback and SEC’s Paul Atkins Appointment, Sparking ETF Hopes**
Solana (SOL) experienced a remarkable surge, jumping from $100 to $115 in just one day as market conditions improved. This impressive 15% increase was fueled by two significant developments: President Donald Trump’s decision to ease global trade tariffs and the return of Paul Atkins, a crypto-friendly official at the SEC. With strong staking metrics and increasing network activity, analysts are optimistic that Solana is on the verge of a major breakout.
**Why Solana is Gaining Momentum**
On Thursday, Solana’s price outperformed both Bitcoin and Ethereum, driven by Trump’s tariff rollback, which alleviated inflation concerns and encouraged investment in riskier assets like cryptocurrencies. The positive sentiment was further bolstered by the announcement of Paul Atkins’ return to the SEC, a move that many believe could pave the way for a Solana ETF. Traders on Polymarket are now assigning an 81% probability to the approval of a Solana ETF by the end of 2025, a development that could mirror the explosive growth seen in Bitcoin following its ETF launch. An ETF, or Exchange Traded Fund, would enable investors to gain exposure to Solana without needing to directly hold the cryptocurrency.
The SEC welcomed Paul Atkins back, stating, “We are excited to have Paul Atkins as the next Chairman of the SEC. As a veteran of our Commission, we look forward to his leadership alongside our dedicated staff in serving the investing public.”
**Aiming for $1,000**
The potential approval of a Solana ETF could unlock significant institutional investment, similar to the surge Bitcoin experienced after its ETF debut. For SOL to reach the ambitious target of $1,000—a sevenfold increase—three critical factors must align. First, regulatory approval is crucial. With Ethereum ETFs potentially setting a precedent, SEC Chair Atkins could expedite the approval process for altcoins. Second, favorable macroeconomic conditions are necessary. Continued supportive policies from the Federal Reserve and tariff reductions under the Trump administration could help maintain liquidity in the crypto markets. Third, Solana’s network must continue to grow and scale effectively, especially considering its previous technical challenges.
On the supply side, the outlook is promising, with token unlocks slowing and staking rewards on the rise, which helps to tighten supply. If ETF inflows begin to materialize, this limited supply could significantly enhance price movements. Solana’s network is currently very active, boasting over 1.3 million daily active addresses and robust trading volumes on decentralized exchanges. This high level of engagement reflects a strong demand for Solana’s blockchain capabilities.
To achieve its ambitious goals, Solana must sustain its vibrant network activity, thrive in a stable economic environment, and gain regulatory clarity. The upcoming Q3 earnings season will be pivotal in shaping the future of this dynamic cryptocurrency.
