Zhu Sufounder of the infamous hedge fund Three Arrows Capital, recently highlighted the performance of Grayscale Solana Trust, suggesting it could imply Solana’s future value at $1,000 per SOL.
Zhu Suone of the founders of the infamous hedge fund Three Arrows Capital, recently highlighted the performance of the Grayscale Solana Trust, suggesting it could imply a future Solana value of $1,000 per SOL.
This projection is based on a comparison with the historical performance of Ethereum and Grayscale Ethereum Trust (ETHE), used as a reference.
Tomiwabold OlajideGrayscale trusts work by allowing investors to gain exposure to digital currencies through a traditional investment vehicle without the challenges of purchasing, storing and custodying digital assets directly.
Each share of the trust represents a fraction of the cryptocurrency held by the trust, and the value of the shares may trade at a premium or discount to the market value of the underlying asset.
“Every four years…”
Thus, four years ago, when Ethereum was trading at around $200, the Grayscale Ethereum Trust implied a value of $1,000 per ETH. This significant premium indicated strong investor confidence and expectations of future prices.
The price of Ethereum eventually met these projections and experienced substantial growth in the following years. This pattern suggests a possible roadmap for Solana.
Gamza KhanzadaevNoteworthy is the comparison of Solana to the early days of Ethereum, when it was also emerging as a major platform. If SOL follows a similar trajectory, the implied value suggested by the Grayscale Solana Trust could be reached.
While past performance is no guarantee of future results, the historical context offers a compelling narrative of Solana’s growth prospects, making the $1,000 target a topic of interest in the community.
