This just hit the wires. Anthony Scaramucci — yes, the former White House comms whirlwind and current SkyBridge Capital boss — is pounding the table on Solana. In a live CNBC spot minutes ago he flat-out claimed Solana will overtake Ethereum. Traders didn’t even wait for the segment to end; SOL/USDT volumes on Binance spiked 28% inside 15 minutes. ETH? A tiny wobble down, nothing dramatic… yet.
Here's What Actually Happened
Scaramucci, smiling like he knew he was lighting a match, told anchors that Solana’s throughput, fees, and surging dev activity put it on a “straight-line path” to the number-two slot behind Bitcoin. He basically shrugged off Standard Chartered’s headline from last week — the one saying ETH is headed to $8k by 2026 — calling it “too conservative and too slow.”
Right now the numbers are miles apart. Ethereum’s market cap sits near $390 billion; Solana’s hovers around $18 billion. Flipping ETH would require a 20-plus-fold move. Even Scaramucci admitted,
“I can’t give you the exact month, but the trend is obvious to anyone looking at on-chain data.”
I’m not entirely sure about that — Ethereum still settles way more value daily — but the conviction in his voice rattled a few desks.
Now Here’s the Interesting Part
Within seconds of the clip airing, Solscan showed a burst of fresh wallets funding Phantom. Jupiter’s aggregator routed more than $120 million in swaps by lunchtime in New York. That’s not retail FOMO alone; somebody big is rotating.
Meanwhile, Antalpha’s Andrew Kang jumped on X, half-joking that he’s “dusting off the 2021 ETH-killer bingo card.” The post already has 3k likes, and yes, #Flippening2 is trending — because don’t forget, ETH flipping BTC was the OG meme.
Why Scaramucci Thinks ETH Is Vulnerable
He rattled off three quick bullets:
- Fees: Even after EIP-4844 hype, L2 gas spikes keep scaring GameFi builders.
- UX: Phantom’s one-click staking looks downright Web2 compared to MetaMask’s kitchen-sink interface.
- Speed: Solana just processed 65k TPS in a stress test; Ethereum mainnet idled around 15 TPS.
Sure, Ethereum has rollups, danksharding on the roadmap, yada yada. But as one dev in the Solana Hacker House told me last month, “roadmaps don’t clear mempools.”
What the Skeptics Are Yelling
ETH maximalists on Crypto Twitter fired back instantly. Ryan Sean Adams from Bankless reminded everyone that Solana went dark for eight hours last year. And Coin Metrics data still shows Ethereum commanding 58% of total DeFi TVL, versus Solana’s modest 1.3%.
They’re not wrong. Network uptime is ETH’s favourite clap-back, and TVL doesn’t lie. Personally, I’m curious whether the new Solana Firedancer client — built by the same Jump Trading wizards who optimised TradFi exchanges — can squash the outage jokes for good.
Zooming Out, Because We Have To
Macro backdrop isn’t exactly playing along. The Fed looks stuck in “higher for longer” mode, and risk assets keep flinching on every fresh CPI print. Still, crypto’s narrative machine doesn’t care. If Solana so much as slices through $40 again this month, CT will declare victory.
For traders, the immediate read-through is rotation risk. If big pockets in Asia — the ones torching Binance perps at 03:00 UTC — decide to chase the flippening meme, ETH/BTC could underperform. Options desks are already quoting higher IV on SOL calls expiring next quarter.
Why This Matters for Your Portfolio
If you’re heavy ETH and shrugging this off, just remember 2020 DeFi Summer. Sentiment can pivot in a weekend, and liquidity follows eyeballs fast. I won’t pretend I know whether SOL ultimately topples ETH, but ignoring the possibility feels reckless after a comment this loud, from a fund manager overseeing roughly $2.5
Keep an eye on:
- Daily active addresses — Solana blew past 1 million during the BONK meme-coin craze.
- Developer traction — watch GitHub commits and the Saga mobile SDK stats.
- Layer-2 bleed — if OP or ARB TVL slips while Solana pumps, momentum traders will smell blood.
Bottom Line — Still Developing
Scaramucci may be talking his book; SkyBridge has a disclosed SOL position. But markets trade on narratives, and right now the “ETH killer” meme has fresh oxygen. I’m surprised Standard Chartered hasn’t issued a rebuttal yet — feels like that’s coming in the next news cycle.
For now, buckle up. If SOL breaks resistance at $38, this headline might morph into a full-blown capital rotation story by the weekend.
