Solana got a midweek boost after SkyBridge founder Anthony Scaramucci took to CNBC to declare the blockchain a top contender in the race to become the industry standard for tokenized assets.
Summary
- Anthony Scaramucci says Solana is primed to become a global standard for tokenized assets as blockchain rails replace legacy financial plumbing.
- SkyBridge holds Solana as a core position, with Scaramucci comparing today’s landscape to the early days of cloud computing—where multiple big winners emerged.
- SOL’s price rebound shows strong support near $120–$125, but bulls still need a breakout above $158 to flip the trend.
In classic Scaramucci fashion, he framed the moment with equal parts swagger and analogy, comparing today’s blockchain competition to the early cloud wars—when everyone wondered which scrappy upstart might become the next AWS. Spoiler: there was more than one winner.
According to Scaramucci, tokenization will drive the next chapter of digital finance as smart contracts migrate onto faster, cheaper blockchain rails. And Solana (SOL) , he says, stands out because its architecture borrows from proven computing concepts rather than crypto-native experimentation.
That familiarity, he argues, has helped Solana become a go-to platform for builders—and a core position for both SkyBridge and his personal portfolio. Scaramucci likened the firm’s early SOL exposure to its Bitcoin (BTC) strategy circa five years ago, when critics scoffed, and institutions hadn’t yet RSVP’d.
Then they did. He expects a similar “everyone said I was early until suddenly I wasn’t” arc for Solana.
SOL staging a comeback story?
The cryptocurrency is trading above its 100-hour simple moving average after climbing past key Fibonacci retracement levels from its previous decline. The digital asset’s recovery has occurred alongside gains in other major cryptocurrencies.
Solana rising, signaling bullish reversal?
Solana’s technical setup shows bullish momentum building on the hourly MACD and an RSI holding above 50, but the token still faces tight resistance overhead.
Analysts say a breakout could open the door to higher price targets, while failure to clear near-term resistance may send SOL back toward its recently broken trend line and lower support levels.
The broader trend remains bearish until SOL can close above $158 and hold above $176—though Scaramucci argues today’s prices could look cheap if Solana becomes a core platform for tokenization.
It’s worth noting that Scaramucci is promoting a book he wrote about Solana, called “Solana Rising”.
