$SOL In Q1 2025, Solana ($SOL) navigated a volatile market under #AirdropStepByStep, #TrumpTaxCuts, #XRPETFs, and #MarketRebound. After dropping 60% from $295 to $111.20 due to a $200M token unlock and Trump’s 145% China tariffs, rebounded to $135, up 36%, driven by memecoin surges (Popcat, Bonk) and $120M Ethereum inflows. Canada’s spot Solana ETFs and Grayscale’s ETF filing fueled institutional interest, with $7.08B in TVL. The #AirdropStepByStep trend boosted $SOL airdrops on platforms like Pump.fun. Maintaining $130 support is key for $SOL to hit $200 in Q2.

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