On Friday (January 3), Bitcoin ended its slump, rebounding to around $97,000, and the U.S. blue-chip public chain Solana token (SOL) surged over 4% in a single day. Venture capital firm Lightspeed projects that Musk's Twitter (now renamed X) platform will launch a native Solana token, and Twitter has quietly confirmed that it will implement payment features this year.
Venture capital firm: Musk is ready to issue a native Solana token.
According to Blockworks, Lightspeed mentioned that when forecasting Solana for this year, it referred to Elon Musk's Twitter platform launching a native Solana token. The agency wrote: “It's time, when Musk acquired Twitter in 2022, cryptocurrency enthusiasts speculated that the Dogecoin-loving billionaire would integrate cryptocurrencies into the social media platform.”
The forecast continues: 'So far, these predictions have been dismissed by Musk, but with the incoming Trump administration expected to ease U.S. cryptocurrency regulations and bring crypto-friendly voices to the negotiating table, I believe the Twitter token is finally coming.'
The agency pointed out that crypto Twitter remains a vibrant community, so there is strong demand for this token, and it is well known that Musk's other companies hold cryptocurrencies on their balance sheets. X Premium users can use Twitter tokens to pay subscription fees, and Musk can trade at low costs with the help of stablecoin partners at Bridge.
Solana's high throughput and low transaction fees make all this possible. To make transactions more attractive, Solana Blinks can allow e-commerce to occur natively on Twitter without users needing to leave the app—TikTok recently benefited from this feature.
“If Twitter wants to become a universal app, then why doesn't this nickname extend to currency?” Lightspeed wrote in the end.
In another outlook, Lightspeed also emphasized a key point that Solana will not face major disruptions this year. In its four-year lifecycle, Solana has experienced multiple outages, but the agency believes that will not happen this year.
“Firedancer is a completely unique Solana client that will shed its training wheels this year, significantly increasing Solana's throughput. This will create many unseen potential risk carriers that could lead to chain breaks,” the outlook wrote.
Twitter has implemented payment features this year with X Money.
Twitter CEO Linda Yaccarino stated that as the company gradually obtains national licenses to process transactions, the payment function will be implemented on Musk's Twitter this year.
“In 2024, Twitter changed the world,” Yaccarino posted on Twitter. “Now, you are the media. In 2025, Twitter will connect you in ways never seen before. X TV, X Money, Grok, and more. Buckle up.”
Forbes reported that neither Musk nor Yaccarino directly mentioned Bitcoin or cryptocurrencies related to payments on Twitter, but there are rumors that Twitter may increase support for cryptocurrencies and even attempt to recreate Facebook's failed plan in 2019 to launch its own cryptocurrency inspired by Bitcoin.
Musk has supported meme-based Dogecoin (DOGE) for the past few years, while his electric vehicle company Tesla still holds about $1 billion worth of Bitcoin. He stated that he wants to transform Twitter into a 'super app' and has obtained remittance licenses in at least 25 states in the U.S.
Since Musk acquired Twitter and renamed it X, there has been widespread speculation that he might increase support for Bitcoin, Dogecoin, and other cryptocurrencies like PayPal.
Musk is one of the most influential founders of PayPal, which has favored Bitcoin and cryptocurrencies in recent years, launching support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at the end of 2020, followed by its own stablecoin tied to the U.S. dollar, PYUSD. PayPal's support for Bitcoin and cryptocurrencies helped kickstart the Bitcoin price bull market in 2021.
In October 2023, a leaked 'all-hands' virtual meeting revealed Musk's plans to expand Twitter's financial services department, with well-known figures in the Bitcoin and cryptocurrency sectors stating that this plan could stimulate cryptocurrency adoption.
Musk stated at the time: 'If it involves money, it will be on our platform. Whether it's money, securities, or something else.'
Musk previously mentioned that he hopes to turn Twitter into an 'upgraded version' of PayPal, and in recent years, as he hinted at the integration and adoption of cryptocurrencies, the prices of Bitcoin and other major cryptocurrencies have soared.
Solana Technical Analysis
Top cryptocurrency analyst Jelle assessed Solana's recent price trend and believes that Solana's next key barrier is the level of $210. If SOL successfully reclaims that area as support, the path to setting a new all-time high may come soon. This level represents a significant resistance point, making it a key area to watch in the coming days.
NewsBTC stated that SOL's trading price is $207, showing extraordinary strength after a clear rebound from $175 at the 200-day EMA on December 23. This rebound is crucial, as holding the 200-day EMA confirms a bullish price structure, ensuring that buyers regain control after weeks of market uncertainty. Successfully maintaining this key level makes SOL one of the most promising assets to break out.
SOL is currently trading above $200, about to test its all-time high (ATH). If bulls can maintain momentum and reclaim the $230 threshold, the subsequent trend is expected to be very strong. Analysts and traders are closely monitoring this level, as it could become the last resistance before SOL enters unknown price territory.
The strong fundamentals of SOL and its ability to hold key support areas amid broader market volatility further enhance bullish momentum. A breakthrough of $230 could attract new capital, driving a rebound that would redefine its long-term trajectory.
