The crypto market is still trying to shake off last Friday’s $19 billion liquidation event, brought about by President Trump’s 100% tariffs on Chinese imports. That move hit risk assets across the board – tech stocks dropped, Bitcoin tanked, and liquidity basically vanished overnight.
Things haven’t calmed much this week. Volatility remains high, and sentiment feels fragile. Altcoins like Solana (SOL) have taken it the hardest, experiencing a double-digit drop in the past seven days.
But not everyone’s panicking. In its latest forecast, Gemini called Solana’s recent sell-off “irrelevant,” arguing it’s just the last shakeout before a major repricing. The AI model then predicted SOL could rally 112% by the end of the year.
And while that recovery could take time, a smaller Solana-based project called Snorter (SNORT) is starting to grab attention as one that might move even faster. Some early backers even believe SNORT could be the next 100x crypto in the Solana ecosystem.
Solana Struggles to Hold $200 Amid Mixed Market Signals
Solana is having a rough week. It’s sitting around $195 today, down 4% since yesterday and 11% since last week. Spot trading volumes are off 13% to $9.6 billion, and open interest is down another 3%. It seems the bounce from Friday’s crash didn’t last long.
Technically speaking, the 4-hour chart is respecting key Fibonacci levels. After that crash, SOL rebounded up to the 0.382 retracement zone but has since turned lower. In short, traders are bearish.
Meanwhile, it’s the usual push and pull between negative headlines and bullish signals. VanEck’s Solana ETF filing was updated to include staking rewards but still faces SEC delays. Yet roughly $169 million worth of SOL left CEXs over the past seven days – typically a sign of accumulation, not panic.
Overall, sentiment clearly still looks shaky. But with institutional buyers reportedly scooping up sub-$200 SOL, the token’s setup is actually starting to look positive, even if there’s some short-term volatility.
Gemini Forecasts 112% Rally for SOL by End of 2025
According to Gemini, Solana’s entire correction is just noise. The AI’s latest forecast says Solana is stuck in the last stage of accumulation before what it calls a “structural repricing,” targeting $415 per SOL by the end of the year. That’s a 112% jump from here.
Gemini’s reasoning is simple: a supply crunch is coming. Spot ETF approval odds are above 90%, and analysts expect about $5.5 billion in inflows once those funds go live.
A lot of that capital could go into SOL staking, effectively locking tokens away for yield and tightening the supply. Add in Helius Treasury’s plan to buy 5% of the SOL supply, and liquidity could dry up fast.
Then there’s the tech side. Upgrades like Firedancer and Alpenglow aim to solve Solana’s stability issues and push it toward sub-second finality – exactly what institutions want. Pair that with real-world asset (RWA) tokenization growth, and it’s easy to see why Gemini believes Solana is trading well below its true value.
Snorter – The New Trading Bot That Could Be the Next 100x Crypto in Solana’s Ecosystem
If Gemini is right about Solana’s next move, then projects building on it could easily outpace SOL’s gains. One in particular – Snorter – is starting to look like an exciting option.
Snorter is a Telegram-based trading bot built for the Solana meme coin niche. It mixes degen energy with real trading tools like sniping, copy-trading, and anti-rug protection – all powered by a private RPC setup for faster, safer DEX trades. It’s not yet live, but the hype is clearly building.
So far, the SNORT token presale has raised $4.8 million, with an end date of October 20. That means there’s less than two days left to buy SNORT early ahead of its exchange debut. 99Bitcoins’ experts believe doing so could lead to 100x (or even more) returns.
SNORT holders get perks like lower trading fees (down to 0.85%), staking rewards of 107% per year, and access to premium features. And given the token’s code has already been audited twice, there’s another layer of reassurance for buyers.
It’s hitting all the right notes – trading bot utility, meme coin appeal, and perfect timing with Solana about to rally. If things play out like Gemini expects, Snorter could be a Solana-based project that captures the upside of the ecosystem’s next big run.
Visit Snorter Presale
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