The Year in Solana 2025: Trump and Wall Street Take Notice
Solana’s native token (SOL) hit a new all-time high of $293.31 in January 2025, boosted by the launch of President Donald Trump’s meme coin, TRUMP, on its blockchain. However, both SOL and TRUMP quickly slumped, with SOL dropping nearly 64% from its high to a low of $105.77 in April and trading at $127.70 by mid-December, more than 56% below its peak. TRUMP fell around 93% from its peak. Despite price declines, Solana’s network saw major technical upgrades, notably the Alpenglow consensus protocol, expected to improve transaction speed and efficiency, with mainnet rollout planned for early 2026. Solana expanded into traditional finance, as publicly traded digital asset treasuries (DATs) like Janover, Upexi, and Forward Industries accumulated millions of SOL, but their own share prices fell over 80-90% as crypto markets weakened. The approval and launch of multiple spot and staking Solana ETFs attracted over $600 million in net inflows and broadened access for investors, but did not spark a sustained SOL price rally by year-end.
