In a recent interview, David Siemer, CEO of Wave Digital Assets, shared an optimistic outlook for Solana (SOL) and its future potential, despite short-term challenges.
His comments offer encouragement to long-term investors watching the asset closely in 2025.
Solana’s Momentum Remains Strong
According to Siemer, Solana has emerged as one of the standout performers in 2025, fueled by a surge in memecoin activity, a rapidly expanding DeFi ecosystem, and continued technical upgrades to the network.
“The current setup for Solana is really strong,” Siemer stated, pointing to the blockchain’s growing use cases and increasing developer engagement. He believes these factors could propel SOL to fresh all-time highs, building on the token’s solid recovery since 2022.
FTX Estate Sales Still a Headwind
However, Siemer acknowledged one lingering challenge: token unlocks related to the FTX bankruptcy estate, which continue to apply sell pressure to SOL’s price. He warned that this overhang could persist for another one to two years, potentially slowing short-term momentum.
Still, Siemer sees these as temporary hurdles. With continued user and developer growth, Solana remains one of the most compelling long-term plays in the crypto space.
Layer 1 Blockchain Competition: Room for Multiple Winners
Looking at the bigger picture, Siemer dismissed the idea of a single winner in the Layer 1 smart contract blockchain race.
“There’s not going to be a winner — there’s going to be winners,” he said, comparing the evolving blockchain sector to the traditional software industry, where many companies thrive simultaneously across different niches.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/solana-could-hit-new-all-time-highs-says-investment-advisory-firm/