"Trump's Actions Positive for Solana… Will Reach $500"

Son Min

Summary

Andrew Kang, co-founder of Mechanism Capital, claimed that Solana will reach $500 this year.
President-elect Trump announced a capital gains tax reduction policy along with the issuance of a meme coin based on Solana.
It was reported that if the Solana spot ETF is approved, reaching $500 next month is possible.

There is a claim that Solana (SOL) could reach $500.

On the 17th (local time), Andrew Kang, co-founder of Mechanism Capital, stated on X, "There is no stronger bullish signal than the U.S. (next) president launching a meme coin," and predicted, "Solana will reach $500 this year." Previously, President-elect Trump issued the official meme coin Official Trump (TRUMP) based on Solana.

He mentioned, "Trump is pursuing a capital gains tax reduction policy for U.S. virtual asset projects, including Solana," and added, "It is also possible that Solana could be included as a strategic reserve asset." Furthermore, he elaborated, "If the Solana spot ETF is approved next week, reaching $500 as early as next month is possible."

Meanwhile, President-elect Trump's inauguration is scheduled for the 20th (local time).

SOL