Solana (SOL) santion tarif rebounded 15% on Thursday, climbing from an intraday low of $100 to $115, after former President Donald Trump unexpectedly pledged to roll back global tariffs if re-elected. The surprise announcement catalyzed a broader risk-on rally across U.S. equities and crypto assets, but the most significant catalyst for altcoins emerged hours later from Washington.
Solana (SOL) retakes $115 as Trump’s Tariff Reversal Sparks Altcoin Market Rebound Broader Altcoin Bid
Solana (SOL) raced into double-digit gain on Thursday to emerge one of the best performers among the top 20 ranked cryptocurrencies. Market risk appetite improved sharply on Thursday after Donald Trump’s trade policy reversal. The US reverse tariffs imposed on all trade partners except China.
Equities, tech stocks, and large-cap crypto assets all entered instant rallies in response.
According to Coingecko data SOL price is currenty hoverign around the $116 level at press time as Solana led altcoins, rising over 15% in 24 hours and outperforming both Ethereum and Bitcoin over the same period.
Investors interpreted the news as a potential relief for inflationary pressure and a boon for dollar liquidity, particularly if dovish macro trends continue into Q2.
Solana’s move was also technically significant. It reclaimed its 50-day moving average near $125 and now appears to be forming a base for a potential breakout, contingent on sustained market momentum and ETF tailwinds.
Paul Atkins’ Confirmation at SEC Resets Altcoin ETF Narrative
In addtion to Trump’s tarrif rollback, another critical bearish inflection point for Solana and other altcoins came later in the trading day as the US SEC confirmed that Paul Atkins. The Republican former commissioner comes with a long-history of crypto-friendly stances—sparking speculations that his regime would officially lead ETF evaluation frameworks or potential speed up the application process.
A SOL ETF approval effectively allows deep-pocketed large investors to gains exposure to Solana and other cryptocurrencies without directly holding the asset on-chain.
Solana traders on Polymarkets raise SOL ETF approval odds to 81% accroding to the chart above.
At press time on April 10, data from Polymarket shows that bettors raised the probability of Solana ETF approval verdict in 2025 Investors appear to be anticipating that Atkins’ presence could fast-track the approval of altcoin-based spot and derivative ETFs filings, which had been effectively sidelined since the Bitcoin ETF approvals in early 2024.
How will Altcoin ETF applications price impact Solana price action
An ETF approval would mark a major milestone for Solana, increasing institutional accessibility and potentially reducing volatility through more structured capital flows. Analysts note that ETF flows could unlock billions in new exposure, similar to what occurred after spot Bitcoin ETF approval in 2024, which catalyzed BTC price surge above $80,000.
Can Solana Reach $1,000? Market Structure Suggests a Path Exists
A $1,000 Solana price target would imply a 7x multiple from current levels—a speculative leap, but not implausible under the right macro and regulatory conditions.
From a structural standpoint, Solana boasts one of the most active Layer 1 networks by transaction count and DeFi usage. Daily active addresses on Solana now average over 1.3 million, while decentralized exchange (DEX) volumes routinely top $1 billion per day. With new memecoin projects, NFT collections, and enterprise integrations rising, organic demand for block space remains high.
More so the token’s supply dynamics are also favorable. A large percentage of SOL is staked—currently over 64%—and token unlocks are declining. If an ETF were approved in 2025, analysts expect that new demand from institutional desks, 401(k) ETFs, and wealth managers could flood in without a proportional increase in circulating supply.
Assuming Bitcoin maintains strength and Ethereum ETF products gain momentum through 2024, a path for a $1,000 SOL price exists—though it will require sustained network usage, macro stability, and regulatory clarity. A key test will come in Q3 earnings season, when fintech firms may disclose early ETF filing intentions for Solana or other altcoins.
Frequently Asked Questions (FAQs)
Yes, if an altcoin ETF is approved under Paul Atkins, stablecoin inflows and institutional demand could drive SOL toward $1,000. 2. What is supporting Solana’s current rally? Solana’s rebound is fueled by Trump’s tariff rollback, renewed ETF optimism, and growing on-chain adoption and trading volumes. Solana surged after Trump vowed to reverse tariffs and the SEC confirmed Paul Atkins, reviving ETF approval speculation.
Atkins has a crypto-friendly track record. His appointment signals possible acceleration of altcoin ETF evaluations, including Solana.
A Solana ETF could unlock institutional capital, reduce volatility, and drive long-term price appreciation through structured inflows.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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