Look, everyone has been doom posting about Solana since the recent crash.

But let’s be real – it's casually holding support like it's no big deal.

And those network stats are now sweet enough to give you a cavity as everyone’s favorite network to hate on is raking in the cash.

Let’s break it down.

Big Network, But Numbers

When we say “raking in the cash” we're talking $1.02 billion in network fees.

Plus, another billion in assets comes just bridge-hopping from Ethereum… and yes, it’s mostly from Ethereum.

All of that is in January 2025, mind you.

Just let those figures sink in for a minute.

The Chart Now Looks Juicy

That double bottom at $190-$200 is just a chef's kiss.

If this $210 support holds (spoiler: it's holding so far), we could be looking at $270... or even $420 by mid-2025.

But if, for some reason, we see a strong drop below $190, things might get ugly.

Network Goes Brrr

January 20th saw a record-smashing $36 million in fees in a single day.

Total revenue eclipsed $510 million in January alone.

What on earth could be leading this incredible charge upward, you might ask?

Two words: Trump tokens.

$TRUMP and $MELANIA really got the degen crowd going… I mean, when the sitting President launches a meme coin, who can blame them?

The Great ETH Exodus

Oh yeah, those bridging fees.

The fact of the matter is that people are bridging a billion dollars from Ethereum to Solana.

When ETH charges you $1.50 per transaction (and that’s just a basic, run-of-the-mill transaction – no advanced smart contract magic) and Solana is giving you the same mojo for a mere $0.0003, people are bound to switch.

Maxis can argue about decentralization, principles, sharding, and snarks all they want, but at the end of the day, your normal person is motivated to take the plunge when you offer them savings of 99.9%. 

Solana is also fast, boasting 2,600 transactions per second, while Ethereum is chugging along at a mere 15 transactions per second.

I'm not saying Ethereum is slow – those technical upgrades have made things a lot more feasible (thank you, rollups.) 

But eventually, people suffer from narrative fatigue and just wanna send a transaction without needing to navigate the plumbing of Layer 2s. 

The Plot Thickens

But it's not all sunshine and rainbows for Solana, so simmer down.

The network still gets congested when meme coins go wild, and Ethereum has all the institutional trust locked down. 

And let’s not forget the SEC is always lurking around somewhere – Solana still lacks its very own ETF.

Which Way To Moon, Ser?

In the short term, we’re looking at $270-$300 if things hold up.

Mid-2025 could see $420-$500, and if the most bullish moon shots come true, we might just see $1,000. 

Solana seems to be proving everyone wrong yet again.

Between the network metrics, the ETH refugees, and those juicy technical patterns, SOL is looking less like an "ETH killer" and more like the new cool kid on the block.

Just keep an eye on that $215 support – if it holds, we might be in for a wild ride.