Solana (SOL) Price Soars After Altcoin Gordon’s Tweet: A Surge Driven by Social Media Influence

Solana (SOL) Surges Following Altcoin Gordon’s Bold Tweet

On April 18, 2025, Solana (SOL) experienced a remarkable surge in price and trading volume after a tweet from Altcoin Gordon, a well-known figure in the cryptocurrency community. Gordon’s tweet, where he declared his intention to purchase a penthouse once SOL hits $1,000, sent shockwaves through the market. At the time of the tweet, SOL was trading at $250, a 10% increase from the previous day’s close of $227.30, signaling growing interest in the asset (Source: CoinMarketCap, April 18, 2025).

Massive Trading Volume and Market Reaction

The tweet had an immediate impact, with SOL’s trading volume on major exchanges like Binance and Coinbase spiking to 150 million SOL traded within 24 hours, a significant rise from the average daily volume of 120 million SOL (Source: CoinGecko, April 18, 2025). The surge wasn’t just limited to SOL itself. The SOL/BTC pair saw a 5% increase in volume, reaching 10,000 BTC traded, while the SOL/ETH pair experienced a 7% rise, with 30,000 ETH traded (Source: CryptoCompare, April 18, 2025). This broad market participation highlights the ripple effect of Altcoin Gordon’s tweet, which not only affected Solana’s price but also attracted more interest in associated trading pairs.

On-Chain Metrics Reflect Increased Activity

Alongside the surge in price and volume, on-chain metrics indicated a sharp uptick in network activity. The number of active addresses on the Solana network jumped by 20%, reaching a total of 1.2 million active addresses (Source: Solana Explorer, April 18, 2025). This spike suggests that the tweet not only brought new investors but also led to increased engagement with the Solana blockchain, potentially laying the groundwork for future network growth.

A Quick Surge in Price: SOL Hits $265

The immediate market response was significant, with SOL’s price rising from $250 to $265 within just an hour of Altcoin Gordon’s tweet, marking a 6% increase (Source: TradingView, April 18, 2025). This rapid price movement underscores the strong market sentiment and how influential figures in the crypto space can move the needle on price action.

Technical Indicators: Bullish Momentum

At the time of the tweet, technical indicators for Solana suggested a bullish outlook. The Relative Strength Index (RSI) stood at 68, signaling that the asset was nearing overbought conditions but was still in a bullish range (Source: TradingView, April 18, 2025). Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, reinforcing the upward momentum (Source: TradingView, April 18, 2025). The Bollinger Bands for SOL also widened, indicating increased volatility and the potential for further price movement (Source: TradingView, April 18, 2025).

Sustained Interest as Volume Continues to Climb

Following the initial surge, SOL’s trading volume continued to climb, reaching 170 million SOL traded within the next 24 hours (Source: CoinGecko, April 19, 2025). The SOL/BTC trading pair saw its volume rise to 12,000 BTC, while SOL/ETH volume increased to 35,000 ETH, further illustrating the sustained interest in Solana (Source: CryptoCompare, April 19, 2025). On-chain activity also remained strong, with active addresses increasing to 1.3 million (Source: Solana Explorer, April 19, 2025), indicating that the initial market frenzy was not a short-lived spike.

Frequently Asked Questions

• What was the immediate impact of Altcoin Gordon’s tweet on Solana’s price? Altcoin Gordon’s tweet led to an immediate 6% increase in SOL’s price, from $250 to $265 within an hour of the tweet’s posting (Source: TradingView, April 18, 2025).
• How did the trading volume of SOL change following the tweet? The trading volume of SOL surged from an average of 120 million SOL to 150 million SOL within 24 hours of the tweet, and further increased to 170 million SOL the following day (Source: CoinGecko, April 18-19, 2025).
• What were the technical indicators suggesting for SOL at the time of the tweet? At the time of the tweet, SOL’s RSI was at 68, signaling a bullish trend, while the MACD showed a bullish crossover, supporting the upward momentum (Source: TradingView, April 18, 2025).