Solana (SOL) price tumbles as Bitcoin and SUI steal the show this week

Solna (SOL) price fell short of investor expectations this week as capital inflows favored market leaders Bitcoin and emerging altcoins like SUI.

Solana (SOL) price fell short of investor expectations this week as capital inflows favored market leaders Bitcoin and emerging altcoins like SUI.

The global crypto market trended bullish on Friday, with Bitcoin price gaining 0.3% on Friday and 2.1% over seven days.

Meanwhile, Solana slipped 1.7% on the day and a steeper 1.9% over the week.

The figures suggest a noticeable exit of short-term traders from SOL, as they rotated funds into assets with stronger short-term narratives.

A major catalyst driving Bitcoin’s rise continues to be institutional accumulation, with spot Bitcoin ETFs posting record-breaking inflows.

Meanwhile, SUI surged following news that 21Shares filed for a spot ETF with the U.S. SEC. SUI spiked to $3.71 on Thursday before correcting to $3.40 at press time, still up nearly 60% in the past two weeks.

This stark contrast reflects a pattern of selective capital rotation among traders seeking profitable opportunities within short-term market narratives.

SOL price fell below $150 on Friday, flipping negative on the weekly candle and highlighting a lack of short-term bullish conviction.

Solana investor Eric Trump warns banks to adopt crypto within 10 years

Adding to Solana’s long-term narrative, Eric Trump, a known investor in Bitcoin, Ethereum, Solana, and SUI, made headlines this week with a stark warning to traditional financial institutions.

In an interview with CNBC, Trump cautioned that banks risk extinction within a decade if they fail to integrate cryptocurrency infrastructure into their core operations.

[mks_pullquote align=”left” width=”700″ size=”18″ color=”#000000″ bgcolor=”#e7e7e7″ border=”0″ style=”solid” spacet op=”0″ radius=”0″ cite=”Eric Trump”]Systems like SWIFT are a disaster. The traditional banking system is slow and inefficient.

Right now, you can open a cryptocurrency app and transfer money from wallet to wallet instantly, without any bank fees.

I’m telling you if banks don’t realise what’s coming they will be gone in 10 years[/mks_pullquote]

Trump remarked, criticizing the inefficiency and cost of the existing financial system.

He argued that decentralized finance (DeFi), enabled by blockchain platforms like Ethereum and Solana, presents a far superior alternative in speed, accessibility, and cost-effectiveness.

The timing of Eric Trump’s statements is crucial, with Congress fast-tracking Stablecoin regulations and SEC dropping charges on crypto trading platform, an Arizona state passing a bill to launch the first cryptocurrencies strategic reserve.

And institutional adoption deepens, tokens like Solana could see renewed long-term demand.

This long-term bullish outlook as seen Solana bulls speculate on a potential rally toward the $750 mark if market conditions align.

While this ambitious Solana price forecast remains plausible, technical indicators on the SOLUSD daily chart show key hurdles ahead around the $160 mark.

News data source: kdj.com

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