Picture this: you’re sitting in a packed conference hall in Amsterdam, the Solana faithful are buzzing, and Anthony Scaramucci—the Mooch himself—grabs the mic and says, calm as you like, “I think it will flip Ethereum.”
The room erupts. Phones go up. Twitter explodes. And somewhere, deep in the Ethereum maxi group chats, someone probably threw their laptop across the room.
Love him or hate him, when Scaramucci talks crypto, people listen. The guy runs a billion-dollar hedge fund, survived eleven legendary days in the Trump White House, and has been early on some massive calls. So when he says Solana is going to overtake Ethereum in market cap… well, maybe it’s time to pay attention.
Why Scaramucci Is Betting Big on the Flippening
Let’s be real for a second. Right now the price action doesn’t exactly scream “flippening imminent.” Ethereum is hovering around $3,200, Solana is sulking at $136, and ETH still commands roughly 2.5× the market cap of SOL. On paper, it looks like a stretch.
But Scaramucci isn’t looking at today’s candlesticks. He’s looking at momentum, adoption curves, and—most importantly—where the builders are going.
“I think it will flip Ethereum… I’m not chain monogamous, I love Avalanche too, I love Ethereum… but the throughput, the cost structure, the developer activity—Solana is eating everyone’s lunch right now.”
– Anthony Scaramucci, Solana Breakpoint 2025
There it is. Not a price prediction. A structural prediction.
Speed Isn’t Everything—Until It Is
Everyone knows the meme: Solana is fast and cheap, Ethereum is slow and expensive. We’ve heard it a thousand times. But memes become reality when the numbers back them up.
As of December 2025, Solana is consistently settles 2,000–3,000 real economic transactions per second. Ethereum Layer 1? Still under 30. Even with rollups, the user experience gap is massive—especially for retail.
I’ve tried onboarding friends to DeFi this year. On Ethereum (even with Base or Arbitrum) they still hit $5–15 gas at peak times and wait 10-30 seconds. On Solana? Sub-cent fees, instant finality. Guess which one they kept using?
Developer Mindshare Is Quietly Shifting
Here’s the stat that actually scares Ethereum maxis (though they’ll never admit it publicly): in Q4 2025, Solana surpassed Ethereum in monthly active developers for the first time ever, according to Electric Capital’s latest report.
Yes, you read that right. More developers shipping code on Solana than on Ethereum right now.
And it’s not just small indie teams. Heavy hitters are moving in:
- Chainlink just shipped native CCIP between Solana and Base
- Ondo Finance + State Street launched SWEEP—a tokenized money-market fund—exclusively on Solana
- Animoca Brands announced they’re taking their equity public… on Solana
- The Kingdom of Bhutan dropped the world’s first sovereign gold-backed stablecoin on—yep—Solana
When nation-states and trillion-dollar asset managers start choosing your chain, something fundamental is happening.
The Institutional Pipeline Is Real
Spot Solana ETFs are already live in Europe and Canada. This week alone they pulled in another $22 million—pushing cumulative inflows past $660 million and AUM toward a cool billion.
Compare that to Ethereum, which saw $116 million in net outflows from its ETFs in the last 24 hours alone. That’s not a good look when you’re supposed to be the “ultra-sound money” reserve asset.
Wall Street doesn’t care about ideology. They care about liquidity, yield, and narrative. Right now Solana has the hotter story.
But What About the Price Action?
Look, I’m not going to sugarcoat it—Solana’s chart looks ugly right now. We’re down almost 50% from the September highs, trading in a descending channel, and the 50-day EMA just crossed below the 200-day. Classic bearish signals.
There’s a very real scenario where SOL retests $100 before any serious reversal. In fact, most technical analysts I respect are calling for $100–110 as the next major support zone.
But here’s the thing: fundamentals and price are increasingly disconnected in this cycle. We saw the same thing with Ethereum in 2019–2020 when it traded sideways for two years while NFT and DeFi infrastructure quietly built out.
Solana today feels a lot like Ethereum in early 2020. Hated, discounted, but shipping relentlessly.
Can They Actually Coexist?
Scaramucci’s “not chain monogamous” line was funny, but it also hints at a deeper truth. The multi-chain future isn’t zero-sum.
Ethereum still has unmatched security, the biggest liquidity pools, and the regulatory moat of being “the one the SEC reluctantly admitted isn’t a security.” Solana will never fully replace it for certain use-cases (ultra-high-value settlement, for example).
But for everything else—meme coins, consumer apps, gaming, social, tokenized real-world assets—Solana is simply a better product right now. And products win users. Users attract capital. Capital pushes market cap.
It’s that simple.
So When Does the Flip Actually Happen?
If we’re being conservative, Solana needs roughly a 3×3.5 from current levels to match Ethereum’s market cap (assuming ETH stays flat). At the 2021 peak multiple, SOL hit ~×7 from similar levels.
With the Bitcoin halving cycle likely peaking sometime in late 2025 or early 2026, a 5–10× move in major altcoins isn’t crazy. Especially one with fresh narrative, real usage, and institutional inflows.
My personal take? The flippening becomes a real conversation sometime in 2026. Whether Solana actually crosses the line depends on execution—but the probability feels higher today than at any point in the last four years.
“Ethereum had its moment. Now it’s Solana’s turn to shine. And when the market decides it’s someone’s turn, it usually doesn’t ask permission.”
Scaramucci didn’t say that last line… but he might as well have.
The Layer-1 wars never really ended. They just went quiet for a couple years while everyone focused on Bitcoin ETFs. Now the gloves are back on, and Solana just threw the hardest punch we’ve seen in a long time.
Buckle up. This ride is just getting started.
