In This Article
- Solana ETFs Imminent Following SEC Statement That Native Staking Is NOT A Security
- Fed FOMC Meetings Next Week Will Determine The Short-Term Direction Of The Crypto Market - Best Solana Crypto In The Meantime?
- Is Solaxy (SOLX) The Best Solana Crypto To Buy Right Now? Nearly $46m In Presale Funding Seems To Think So
- Full 360-Ecosystem Coming For Solaxy - Launchpad and DEX Means Users Can Do It All With SOLX
While the majority of the crypto market is flat or slightly in the red on this weekly open, Solana has posted a modest +1% gain overnight. SOL is currently trading for $150, leaving many wondering what the best Solana crypto to buy right now is.
Just eight days out from the upcoming Federal Reserve FOMC meetings on June 17-18, SOL is the sixth-largest cryptocurrency by market cap, at $79 billion. Solana is currently perfectly on the trend line, and a hold above $144 will set SOL up for a mega breakout.
🚨🚨BREAKING: #Ethereum $ETH And #Solana $SOL Staking #ETF Could Be Approved As Soon As June
According To A Bloomberg Analyst, They Might Skip The Usual Approval Process (19b-4) And Get Approved In Just A Few Weeks. pic.twitter.com/uWPwFcCCWg
— Trykorium Crypto (@trykoriumcrypto) June 2, 2025
Solana ETFs Imminent Following SEC Statement That Native Staking Is NOT A Security
One of the biggest catalysts for the Solana price right now is the upcoming ETF decision. Just last week, the US SEC declared that native staking for a digital asset is not a security, giving the green light for staked Solana ETFs.
With this decision from the SEC, there are talks about approving a Solana staking ETF this month. Multiple analysts claim that the SEC may even forego the usual approval process, which could see near-immediate listings.
Many of the leading names, including Franklin Templeton, Fidelity, Grayscale, VanEck, Bitwise, 21Shares, and others, have filed for a spot SOL ETF.
The final decision deadlines for all of the applications are coming up in October. However, a decision can be made beforehand, although the SEC is known to use the full allotted time to decide.
The prediction market platform Polymarkets has a market for ‘Solana ETF approved in 2025?’, which currently sits at 79% for yes, with $146,700 in volume.
Additionally, Bloomberg ETF analyst Eric Balchunas (@EricBalchunas) has consistently said he believes there will be a slew of new spot crypto ETFs heading into winter 2025. This line up perfectly with the SEC’s final decision deadlines, which are all around mid-late October.
DISCOVER: 20+ Next Crypto to Explode in 2026
Fed FOMC Meetings Next Week Will Determine The Short-Term Direction Of The Crypto Market – Best Solana Crypto In The Meantime?
Suppose the Federal Reserve FOMC meetings next week result in rates staying the same or possibly even being cut. In that case, this will signal a continuation for risk-on assets such as Bitcoin and the wider crypto market.
With this in mind, and SOL currently holding perfectly above the trend line, Solana could be set for a mega breakout over the next few months in the lead-up to the final ETF decisions in October.
There is currently a hefty sell wall for SOL on the order books, sitting at around $160 – if it can push through this resistance and absorb the heavy sells at this level, a clear run back toward $200 is on the cards for Solana.
SOL hasn’t been over $200 since mid-February of this year. However, this current price action and the upcoming market catalysts could rocket it straight back to the coveted level before finally pushing toward $300 once the Solana ETFs are confirmed in Q4 2025.
Another question on many SOL investors’ minds right now is ‘What is the best Solana crypto to buy right now?’ Many Solana-based utility plays and meme coins look like great opportunities heading into the summer.
If $SOL breaks through the selling wall around $160, the previous price will recover quickly. pic.twitter.com/Fc0PfdO3TX
— CW (@CW8900) June 8, 2025
Is Solaxy (SOLX) The Best Solana Crypto To Buy Right Now? Nearly $46m In Presale Funding Seems To Think So
Solaxy (SOLX) is definitely one of the biggest crypto presales of this year, and as a result, is probably the best Solana crypto to buy right now. Championing itself as the first-ever native Layer-2 protocol for Solana, SOLX has a first-mover advantage in a $15 billion industry.
While the L2 category on CoinGecko is valued at around $15 billion, most protocols are Ethereum-based, with not a single project listed being built for Solana.
It seems wild that in 2025, Solana still doesn’t have an L2 to its name, while Arbitrum, Optimism, Polygon, and Base have all established themselves as household names in the Ethereum L2 space.
Solana has long needed an L2 to support its mainnet, with the network often suffering outages, slowdowns, and failed transactions whenever on-chain trading activity ramps up.
With Fed rate cuts on the horizon alongside SOL ETF decisions being made within the next four months, there will likely be an influx of users into the Solana ecosystem, making Solaxy a necessary addition sooner rather than later.
Solaxy utilizes rollup technology, easing the burden on the Solana mainnet by batching transactions together before processing them ‘off-chain’ and sending them back to the mainnet for settlement. This process takes much of the stress off the Solana mainnet while still working off of Solana’s architecture to ensure low fees and security remain a priority on Solaxy.
Full 360-Ecosystem Coming For Solaxy – Launchpad and DEX Means Users Can Do It All With SOLX
As well as being a native Solana L2 protocol, the Solaxy team has also announced the launch of a token launchpad similar to Pump.fun AND a built-in DEX. This means that SOLX users can launch a token, graduate it to the Solaxy DEX, and trade to their hearts’ content, all on Solana’s first-ever L2 protocol.
With Pump. Fun announcing the launch of a token and rumors circulating that it will launch with a $4 billion market cap valuation, Solaxy looks a much better investment.
Pump.fun has its token launchpad and its newly launched Pump.swap DEX, both relying on Solana’s mainnet. On the other hand, Solaxy will have Igniter, its token launchpad, alongside the Solaxy DEX, but both tools will utilize the L2 infrastructure to ensure maximum uptime, lightning-fast speeds, and low fees.
To put it simply, Pump.fun and Solaxy have a similar suite of tools at their disposal, with one launching a token that will instantly be valued in the billions while the other (SOLX) will launch at a fraction of the price. With this in mind, Solaxy on paper seems to have much more upside potential than the upcoming Pump.fun token.
The Solaxy presale ends in around seven days, and investors can even stake their presale SOLX for 88% APY. SOLX is shaping up to be the best Solana crypto in 2025.
Stay updated by joining the Solaxy community on Telegram and X.
Check Out The Solaxy Presale Today
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