Solana Price Forecast: Could Pump.fun’s Token Supplant SOL?

Solana (SOL) is experiencing renewed challenges, with its price falling to $152.70 today as the overall market retracts across significant altcoins.

This represents a difficult period for SOL, which has decreased by 11.5% over the past week and 15% over the last two weeks, even though it has managed a 6% increase over the previous month.

The decline coincides with rumors that the Solana-based launchpad Pump.fun is seeking to raise funds for a potential token launch — a development that could divert some investor attention from SOL.

If the trend continues, it may further impact SOL in the near term, although a recovery in the longer term appears probable — as discussed in our latest Solana price forecast.

Solana Price Forecast: Could Pump.fun’s Token Supplant SOL?

Pump.fun has not officially confirmed the launch of its own token, but reports from sources close to the situation indicate that the launch is imminent.

It is reportedly targeting $1 billion through a sale to both public and private investors, which would establish the token’s market capitalization at $4 billion.

BREAKING: @pumpdotfun launching $PUMP token in next 2 weeks.
– Airdrop for users confirmed as well
It’s finally coming.

— nextfuckingthing (@nextfckingthing) June 3, 2025

Details regarding features or utility are currently limited, with Pump.fun declining to comment to media outlets covering the story.

On Crypto Twitter, the anticipated launch has been met with significant skepticism, with some detractors alleging that the initiative is an “exit scam” designed to capitalize on Pump.fun’s brand before its launchpad loses relevance.

Some analysts have noted declining revenues on Pump.fun, amid a downturn in meme coin trading activity, suggesting that the platform’s operators are seeking one final payday.

That’s how you know the meme coin trench narrative is finally dead.
They infinite extracted on fees, said they wouldn’t do a token.
Now fees dry up and they are trying to do a massive token sale to exit. https://t.co/C1nEnpC3W1

— Adam Cochran (adamscochran.eth) (@adamscochran) June 3, 2025

Ultimately, we will need to observe how this develops, but for the moment, the effect on Solana’s price appears to be more negative in the short term.

Examining its chart today, it seems that the upcoming days could be quite challenging for the altcoin, given the direction its indicators have taken.

For instance, its 30-day average (orange) has just fallen below the 200-day (blue) again, creating a ‘death cross’ that may signal impending declines.

Additionally, its relative strength index (purple) has just dipped below 40, with its trajectory indicating that it could drop to 30, if not 20.

Source: TradingView

Consequently, we might see the Solana price decrease further in the coming days, potentially falling to $145 or $140 before making a correction upwards.

However, considering Solana’s fundamentals, it is expected to recover robustly in the medium- and long-term, likely reaching $200 again in July.

High-Potential New Altcoin Gains Momentum Before Exchange Listing

If Solana appears too uncertain for some traders, they might consider allocating a portion of their portfolios to newer, smaller cap tokens, as these can frequently outperform the market.

Identifying a new token that is poised for growth can be quite challenging, but one method to focus on potential successes is to look for successful presales.

These can reflect strong market interest in an upcoming coin, with one of the largest presales in the past year belonging to layer-two token Solaxy (SOLX).

The Solaxy universe is expanding every day.
44M Raised! pic.twitter.com/yIRZinZAPR

— SOLAXY (@SOLAXYTOKEN) June 4, 2025

Solaxy has successfully raised $44.3 million in its presale, a substantial amount that highlights the increasing popularity of the project.

The presale concludes in 11 days, after which SOLX will be listed and Solaxy will launch its layer-two network for Solana.

As an L2, Solaxy will offer Solana users reduced fees and quicker confirmation times, allowing them to avoid the delays and failed transactions that can occur on Solana during peak periods.

It will also introduce its own DEX shortly after going live, with the exchange being a crucial component of its strategy to become a significant trading hub.

SOLX will be essential for transaction fee payments, and holders will also have the opportunity to stake it, making it a valuable asset to possess.

Latecomers to its sale can still purchase some early by visiting the Solaxy website, where SOLX is priced at $0.001746.

This is its final presale price, but given the popularity of its sale, it could increase once it is listed on trading platforms.

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