Can Solana Price Hit $500 as Peter Brandt Teases $100K Crypto Bet?

Key Insights:

• Solana price has been extremely volatile over the past year, with sharp fluctuations.
• Peter Brandt teases $100K investment in Solana or XRP, sparking market debate.
• Reaching $500 would require a 180% jump from Solana’s current price level.

Solana price has gained attention lately as veteran trader Peter Brandt teased a $100,000 investment in Solana (SOL) or Ripple’s XRP, sparking debate over both coins’ prospects.

At the time, SOL traded around $177, with Brandt’s technical charts highlighting a bullish cup-and-handle breakout aiming for about $518.

Meanwhile, he identified a triangle pattern on XRP, suggesting a move toward $4.43. The post reignited discussions on a potential continuing rally in Solana price, or if XRP’s recovery from legal setbacks would offer a better opportunity.

Solana Price 2024–2025 Performance

Solana price has been extremely volatile over the past year. In mid-2024, the Solana price fell sharply from about $173 on June 5, 2024, to roughly $124 by June 24, 2024. It then rebounded above $150 in early July.

In late 2024, several large whale purchases drove SOL back up. By November 2024, SOL price spiked to about $262 (reportedly after a $35 million buy). Analysts noted SOL was trading near $250 in late November after a 48% one-month rally, approaching its previous 2021 peak ($268).

Eventually, the Solana price hit $293.31 on January 19, 2025, setting a new all-time high. By May 2025, SOL had corrected back into the $170–180 range. Notably, it gained about 20% through May 2025 after an 18% drop in April. Over the first five months of 2025, it was down 7% on the year, but up 25% over the prior 90 days.

Brandt has commented on SOL and XRP in recent months beyond the $100,000 post on X (formerly Twitter). For SOL, he has been bullish. In November 2024, he charted SOL’s swing pattern and said it could “rally to a new all-time high of $274” (at that time, SOL was around $236).

In April 2025, he highlighted a cup‑and‑handle on SOL relative to Ethereum, writing that “SOL has lots of room to gain on its invalid cousin, $ETH.” This implied a 90% upside on the SOL/ETH pair.

Conversely, his remarks on XRP have ranged from optimistic to cautious. In late 2024, he noted that clearing XRP’s 2021 high ($1.60) could trigger fireworks. By mid-2025, he warned of a head-and-shoulders topping pattern on XRP, suggesting a potential drop toward about $1.07 if support broke.

Can Solana Price Hit $500?

Pushing SOL to $500 would mean more than doubling from today’s price. $178 to $500 is roughly a +180% jump.

Data suggest this is a stretch under current conditions. For context, SOL’s January peak was $293, and reaching $500 would require a new high of 70%.

The market cap would swell from $92 billion to around $270 billion to close on Ethereum’s size. Brandt’s technical targets have been lower: he mentioned $274 and $518 in bullish patterns, both in the $200–500 band, but not guaranteed.

Recent trends don’t yet support a rapid 180% climb. SOL’s price action has been strong but not runaway – about +25% in the last 90 days, with sharp pullbacks.

Moreover, traders note that after big rallies, momentum often stalls. Analysts have cautioned that SOL’s RSI (momentum indicator) was near overbought and a correction could follow if buying pressure eases.

In short, reaching $500 would require sustained bullish conditions well beyond recent moves. The data support SOL as a strong performer but do not by themselves guarantee a jump to $500 without new catalysts as opposed to historical volatility and whale-driven surges.