SOL Making Moves: Could it Dethrone XRP from the Top 3 by 2025?

Solana's (SOL) cryptographic treasure is rapidly gaining momentum, attracting businesses away from XRP. With impending ETF approvals, which of the two crypto assets will shine in Q4?

Written by Charles Ledoux

Translated on August 30, 2025 at 14:32 by Simon Dumoulin

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The Remarkable Rise of Solana Treasury Holdings

Since last May, SOL has generated record interest among companies holding crypto treasury reserves. In July alone, the trading volume of SOL by these companies reached 4 billion dollars, significantly outpacing the 460 million attracted by XRP during the same period.

🚨 JUST IN: $SOL HAD $12 MILLION IN INSTITUTIONAL INFLOWS LAST WEEK, MORE THAN BTC AND ETH COMBINED!

THE INSTITUTIONS ARE ROTATING TO $SOL.#SOLANA ⚡️ pic.twitter.com/UWlfGuc4aj
— curb.sol (@CryptoCurb) August 25, 2025

In total, companies have accumulated 4.3 million SOL, representing a value of approximately 905 million dollars at current market prices. This massive adoption could propel SOL’s value, similar to Ethereum’s surge after public companies like BitMine began heavily investing in that asset.

In contrast, XRP has so far attracted only marginal interest from companies for their crypto treasury holdings. If this trend continues after the approval of spot ETFs, Solana could gain the upper hand over XRP in the coming months.

SOL Surpasses XRP, But Watch for the Counterattack

Recently, Solana has outperformed XRP by 27% and has also outperformed Ethereum and Bitcoin. Analysts are predicting a major rally for SOL in the 4th quarter.

🚨XRP Whales are selling heavily

It's clear distribution.
On-chain data tells the story.
In data, we trust. pic.twitter.com/MoMk1Fx4Lg
— Maartunn (@JA_Maartun) August 27, 2025

Meanwhile, XRP has experienced massive profit-taking, but has recorded record interest in CME futures contracts, indicating institutional appetite. It would therefore be premature to dismiss it.

Indeed, both assets should benefit from a new wave of demand with the imminent approval of spot ETFs. However, Solana might have a slight advantage due to the strong demand for crypto treasury holdings, following in Ethereum’s footsteps.

Buy SOL on Bitget and get a $10 bonus!

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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