My belief is that SOL is close to bottomed. Here's the setup.
by Ninety
All you hear is crypto is dead. Stock market ATH, Crypto ATL. Constant doomerism.
Solana is the best L1 to exist in crypto history yet. In terms of speed, cost and user experience it is completely undefeated.
For most of the last year, the bear case on SOL was simple: memecoins are the only thing keeping SOL alive and the token doesn't accrue value aka it's getting inflated.
Since SIMD 96 redirected priority fees to block producers, burn has gone to basically zero. Issuance became the dominant force, inflation diluted holders, and staking yield was just new supply being printed. No mechanism tied SOL's value to the network's actual usage.
That hole is now being patched. Perpetual onchain futures is the new big thing and tokenized stocks have already come to Solana, starting with the official SpaceX launch that launched on SOL. Not Arb, Not ETH, but SOL.
Two proposals matter:
SIMD 547 introduces a usage-based fee that gets 100% burned bringing back burn that scales with real activity on the network. Early estimates put it at thousands of SOL burned per day, and it gets *more* meaningful as Solana scales.
SIMD 550 accelerates the path to terminal inflation, cutting the timeline to low issuance from ~6 years to 3-ish years. More burn, less new supply. Exactly what holders have been asking for.
These are not live yet, but likely will be based on what all the biggest people on Solana have been tweeting if you read between the lines, I'd expect them to be live before the end of the year.
Which brings me to the actual signal. Ansem (current main character it seems) has been openly CTOing SOL as of a couple days ago. RTing, tweeting "cto in progress," bottom-ticking it publicly after being bearish for a long time. Mert and others have also been doing the same, the JTO and Backpack crews, the whole SOL camp is pushing the same direction at once. People who spent the cycle skeptical don't suddenly flip and tie their name to a public turnaround unless they like what's coming or even better, they actually know what's coming somehow.
You don't have to be an actual insider to read between the lines.
There's a fresh narrative underneath it all: perp DEXes and tokenized stocks, which is the meta right now. SOL has the infra and the distribution to own it.
I'm not calling new ATHs. But the value-accrual problem is being addressed, the supply side is being fixed, and the loudest names are repositioning in front of it. That's what a bottom looks like before everyone else agrees it was one.
SOL going up is good for anyone in crypto and onchain. I think it's a matter of time.
Additionally, an entire agentic system can be built within Solana and has already been. Some of the most innovating tech still launches within Solana's ecosystem for attention and funding even at it's lows.
It checks basically every box.
To try to position for that trade, the main token to buy is SOL. Safest and where you can actually size.
If you want to take individualized picks on Solana you're looking at $PUMP, $JUP, $MET or any of the projects that seem to be actually gaining the value within tokenized stocks and onchain futures like Backpack or Jito.
Solana revives when the proposal passes and it is not completely reliant on memecoins alone.
Tokens I mentioned current prices:
$SOL $73 | $PUMP $0.0015 | $JTO $0.68 | $MET $0.17 | $JUP $0.22 | $BP $0.7
If you agree with the thesis, don't just assume you're going to perfectly catch the bottom. It's pretty impossible, but buying on the lows after crypto crashing for an entire 8 months while the stock market has ripped is amazing if you believe in the vision. You might see prices lower in 2 weeks, but if you look back in a couple months you'll be glad you averaged in slowly when things do shift.
When you see the biggest SOL influencers shilling sports betting, saying SOL is dead and having no money left. That is when things bottom. Don't full port, don't max lev, just get positioned when everyone else is losing and that's how you win. I haven't posted in a long time and was waiting for when I felt like crypto has hit some of it's lowest points. We still have some overhang with Michael Saylor and we could see a couple more mini-dips but my gut tells me we're at the lows.
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1June 21, 2026 2.3K 27
