Prominent crypto commentator Scott Melker believes the final quarter of 2025 could be exciting for Solana, predicting that SOL is primed for a major rally in the coming weeks.
In a recent X post, Melker, popularly referred to as the Wolf of All Streets in the crypto community, suggested that Solana could re-enter the spotlight after months of relative quiet.
Solana 2025 Performance
He recalled Solana’s incredible performance in January, with the blockchain even attracting a presidential meme coin. The momentum, at the time, fueled speculation that Solana would potentially flip Ethereum. Rather than flip ETH as many forecasted, Melker suggested that the token drifted into a quieter phase after the hype.
For context, Solana has lagged behind Ethereum in recent times. While SOL has rallied 77% over the past six months, Ethereum’s price has increased by 136% in the same period.
A Surprise Rebound on the Horizon
Now, Melker suggested that Solana could be gearing up for a surprise rebound, which might happen in the next quarter, Q4 2025. He argued that while Bitcoin is a store of value asset, Ethereum dominates decentralized finance (DeFi).
While he did not mention the narrative affiliated with Solana, he asserted that the crypto project must work to “capture a slice of the attention and capital” as momentum builds in the crypto market.
Interestingly, Melker believes Solana’s underdog status could set the stage for a major breakout, given the positive initiatives happening behind the scenes for the token.
Narratives Supporting Solana Rebound
Per Melker, three narratives that could propel the breakout include the network’s transaction speed advantages, growing treasury initiatives, and potential ETF flows.
Notably, Solana has attracted strong institutional interest in recent months, with some entities establishing treasury firms to buy and hold the token. Others are preparing to launch Solana-focused ETFs, providing traditional investors with regulated exposure to the token.
Potential Timeline for Breakout
As these narratives continue to gain traction, Melker projects that the upcoming breakout could happen soon. Meanwhile, he flagged October 10, the SEC’s final decision deadline on multiple Solana ETFs, as a crucial date to watch.
If the SEC approves spot Solana ETFs, he expects the issuers to launch aggressive marketing campaigns, attracting strong inflows. He believes that the combination of ETF inflows and price momentum could generate a “true flywheel effect” for Solana, possibly lifting its price to higher levels.
However, Melker cautioned that the potential rally depends on the Fed cutting interest rates and broader market conditions remaining bullish. Yet, he expressed readiness for the Solana rally, saying he holds the token and has his bags packed.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
