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

Altcoin Gordon, a cryptocurrency influencer, sparked a stir in the crypto sphere with a playful tweet about his plans to purchase a penthouse once Solana (SOL) reaches $1,000. The implication was clear: he had no intention of selling his SOL any time soon, even at such a high price. It seems like a good thing he likes the view from the top.

This playful banter had a surprising impact. At the time of Gordon’s tweet, SOL was being sold for $250, a 10% increase from yesterday’s market close of $227.30, as seen on CoinMarketCap, on April 18, 2025. The last time SOL was valued at $1,000 was back in 2021, during the height of the bull market. To reach $1,000 again from its current price would be an astronomical move for the token.

As interest in crypto continues to grow, so does the role of influencers in shaping market sentiment. A recent report by Social Capital highlighted the significant influence of crypto influencers on their followers, especially during periods of market volatility.

This time, it was Altcoin Gordon who set the stage for a viral moment. His tweet, which garnered over 500,000 views and 20,000 likes within the first hour alone, had a significant impact on the market.

After teasing his followers with the prospect of buying a penthouse when SOL hits $1,000, Gordon decided to add another layer of fun. In a follow-up tweet, he shared a screenshot of his cryptocurrency portfolio on an exchange, showcasing a substantial holding of SOL and smaller amounts of Bitcoin (BTC) and Ethereum (ETH).

This playful banter had an immediate effect. Within an hour of Gordon’s first tweet, SOL’s price on major exchanges like Binance and Coinbase spiked by 6% from $250 to $265, according to data from CoinGecko and CryptoCompare.

At the time of Gordon’s tweet, technical indicators for Solana were suggesting 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, according to technical analysis from TradingView.

Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at around $245, reinforcing the upward momentum. The Bollinger Bands for SOL were also becoming more wide, indicating increased volatility and the potential for further price movement.

As the day progressed, the trading volume of SOL continued to increase. Over the next 24 hours, SOL’s trading volume spiked to 150 million SOL traded, a significant rise from the average daily volume of 120 million SOL, according to CoinGecko. The BTC/SOL trading pair also saw a 5% increase in volume, reaching 10,000 BTC traded, while the ETH/SOL pair experienced a 7% rise, with 30,000 ETH traded.

Moreover, the number of active addresses on the Solana network surged by 20%, reaching a total of 1.2 million active addresses, as observed on Solana Explorer. This spike in network activity signifies increased activity and engagement with the Solana blockchain, which could have interesting implications for the future growth of the network.

With a playful spirit and a knack for engaging the cryptocurrency community, Altcoin Gordon continues to be a prominent figure in the digital asset realm. As the crypto markets evolve, the role of influencers in shaping market sentiment and driving price action becomes increasingly apparent.