Wolf of All Streets, Scott Melker, declares, ‘I’m glad I own Solana. My bags are packed.’
Solana price is on a tear this week. All the action signals that SOL may be lining up for what Lark Davis, founder of The Wealth Mastery, is calling “the trade of the cycle.”
The buzz isn’t coming from thin air. Right now, Solana feels like it’s ready for one of those rare, screaming market opportunities you don’t want to miss.
Add growing institutional interest, ETFs on the horizon, and traders like Scott Melker (“Wolf of All Streets”) publicly declaring, “I’m glad I own Solana. My bags are packed,” and you’ve got a potent recipe for Solana fever.
Let’s start with the facts. Solana price spent the first week of September flirting with (and breaking through) the $200 mark. It set a new tone for the month after a summer of consolidation.
The price surged to as high as $214 on September 4, settled above $220 by September 10. SOL price then surged toward $240 at the time of writing on September 12.
Lark Davis’s opinion often shapes sentiment in the altcoin trenches. He added that, with Solana ETFs incoming, an increasing amount of SOL treasury purchases, and upgrades making the Solana network faster and cheaper, the price can only go higher.
He also pointed out that Bitwise’s CEO Matt Hougan thinks SOL could be the leader in this rally. It’s in a position similar to when Bitcoin was around $40,000 and Ethereum was at $1,600. And he’s not the only one who’s bullish.
Pantera Capital’s Cosmo Jiang is among several analysts projecting various Solana price targets for the rest of the year. They range from $250 to $400 this cycle. Some traders are even calling for a Solana price of $1,000 by early next year, on a blowoff top. Lark himself is calling for Solana to triple in value this bull run. He added:
“Solana’s bullish tailwinds could ignite a 3X in price within a short matter of time.”
Meanwhile, Scott Melker (AKA the “Wolf of All Streets”) posted that his Solana bags are packed and ready, highlighting just how much confidence leading traders have for an explosive SOL price move.
The idea of Solana price hitting $1,000 in the near term may sound wild, but it’s not just Twitter wishful thinking. ETF news, sustained institutional inflows, and a fresh altcoin season could easily drive SOL to $500. It could even $1,000 if all goes according to plan.
Granted, this kind of moonshot is contingent on a Goldilocks scenario. ETF approval, network upgrades that stick, no catastrophic security issues, and a red-hot crypto market at large.
But here’s the thing: Solana’s fundamentals are stacking up. The blockchain’s recent technical upgrades, persistent trading volumes, and a thriving DeFi/NFT ecosystem have collectively brought the suit-and-tie crowd to the Solana table.
If institutional money keeps pouring in (and ETF hype turns into reality), Solana could easily leapfrog conservative estimates.
This cycle is all about narrative, and the institutions are here for it. The prospect of spot ETFs for Solana and other major altcoins isn’t just a meme: it’s a credible catalyst. The recent approval of Ethereum ETFs has set a precedent.
At the same time, whispers of rate cuts and liquidity injections from central banks make risk assets like SOL especially attractive. This backdrop is what savvy traders like Lark Davis and Scott Melker are banking on.
DeFi volumes, NFT activity, and payments infrastructure on Solana are all on the rise, stirring up more utility than hype.
The bullish thesis? If Solana stays technically robust, doesn’t stumble on security, and gets the institutional green light, there’s a solid case for those four-digit price targets. But, as always in crypto, it’s a “hurry up and break resistance” mode before anyone gets too far ahead of themselves.
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