Davinci Jeremie, a popular figure in the crypto industry and an early investor in Bitcoin, gave a bullish prediction on Solana. In his recent X post, Jeremie forecasted that Solana could rally 20 times from the current price.
“I think Solana is going to surprise us and do something incredible. Not just a 10X, but a 20X in this cycle. Why? Because Trump opened up floodgates to memecoin.”
Jeremie believes that the Trump meme coin will encourage corporations and individuals to tap into the memecoin market, which will be the key driver for Solana’s surge. He says that memecoins are going to explode in Solana because Trump has made so much money on it.
However, the on-chain data and Solana price performance tell a different story. According to DefiLlama data, the total value locked (TVL) in SOL has been declining since January 2025, dropping from $11.989 billion to $6.552 billion. The drop in TVL reflects a decline in user participation and trust in the platform.
Solana is also not performing well on the technical charts. From January it continuously declined and in a bearish grip. From its January high of $295.00, it has dropped approximately 60%, indicating SOL is in a bearish momentum.
Moreover, the meme coin activity on the platform has also dropped in recent times which is not a good sign. However, Solana is a solid cryptocurrency and can bounce back at any time, but it will need buyers’ support and a positive catalyst to trigger a price surge.
Also Read: PayPal Adds Support for Solana (SOL) and Chainlink (LINK) in Wallet
