Donald Trump’s Team Buys More Solana As Its Monthly DEX Volume Flips Ethereum And Its L2s Combined

According to recent transaction data, organizations connected to Donald Trump’s investment team are increasingly purchasing SOL tokens.

Notably, there were significant amounts of trades, as the $2.21 Million TRUMP for SOL swap. These were not one-off events.

Rather, they were a part of a pattern of consistent buying that pointed to a long-term investing strategy.

The participation of well-known investors, such as Trump’s team, strengthened Solana’s credibility and could increase investor trust.

Thus SOL may see an increase in institutional and retail investment as a result.

Additionally, by increasing market liquidity, these significant trades may help to stabilize SOL’s price during periods of market turbulence.

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Looking ahead, as the market responded to the infusion of powerful funds, the steady inflow of capital into Solana by these investors may cause a brief price spike.

More generally, this pattern could hasten the creation and uptake of Solana’s blockchain, promoting creativity and the introduction of fresh applications.

Prominent investors’ strategic attention on Solana highlights the growing allure of the blockchain and points to a promising future for both market valuation and technology adoption.

Solana Monthly DEX Trading Volume

For the first time, Solana’s decentralized exchange (DEX) trade volumes surpassed $200 billion in January 2025, marking a noteworthy milestone.

This accomplishment not only showed Solana’s increasing power over more established leaders like Ethereum, which brought in $63.18 billion, but it also shows how blockchain technology is evolving.

In contrast to other blockchains like Binance Smart Chain and Arbitrum, which reported $53.72 billion and $20.14 billion, respectively, the spike in Solana’s volume indicated heightened investor trust and a strong ecosystem that can manage significant transactions.

This historic volume points to a strong and effective network that is probably supported by increased throughput and lower transaction costs, two important features that draw in both developers and users.

Such enormous trading volumes were sometimes interpreted by investors as an indication of a robust, liquid market that offered superior price discovery mechanisms and lower slippage risks.

Since they could result in more acceptance and potentially higher token prices, these factors are critical to SOL’s future price potential.

SOL could establish itself as a top blockchain for DeFi applications if it can sustain or grow this volume, which might raise the price of SOL even more as more developers and users swarm to its platform.

We may witness a reassessment of Solana’s market capitalization and investor interest as it develops further and may even surpass Ethereum’s monthly volumes on a regular basis.

SOL Bullish Pennant Pattern

SOL showed a developing bullish pennant pattern, signifying a continuation of the uptrend that led to the pattern’s formation.

This pattern, spotted in a tightening consolidation phase, suggests accumulation as traders and investors anticipate a potential breakout.

The pennant formed beneath the all-time high price levels around $276, indicating that if SOL breaks above the pennant’s resistance, currently near the $246-264 range, a significant upward movement could ensue.

The proximity of the price to these all-time highs enhances the likelihood of a bullish breakout.

Typically, if SOL maintains support along the pennant’s lower boundary and the market conditions remain favorable, it could retest and potentially exceed its previous peak prices.

Conversely, a breakdown below the pennant’s support at approximately $238 could lead to a short-term bearish reversal, impacting the positive sentiment surrounding the asset.

This setup aligns with the recent trading volume and market interest, suggesting that SOL’s price action in the near term will be crucial for determining its trajectory towards or away from new highs.