Anthony Scaramucci Backs Solana to Surpass Ethereum Despite Mixed Analyst Outlook

SkyBridge Capital’s Anthony Scaramucci has reignited the Solana versus Ethereum debate, publicly predicting that Solana (SOL) could soon overtake Ethereum (ETH) in the crypto rankings. While Scaramucci bets big on Solana’s future, market experts remain divided on whether this “flippening” will play out anytime soon.

Scaramucci’s Bold Confidence in Solana

Addressing attendees at DigiAssets 2025, Anthony Scaramucci—founder of SkyBridge Capital—expressed strong conviction that Solana will ultimately surpass Ethereum in market cap. Although he admitted, “I don’t really have an opinion on ETH,” Scaramucci emphasized his deeper understanding of Solana and its value proposition.

“We have nine figures on the corporate balance sheet in Bitcoin and Solana,” he revealed. Further outlining the firm’s digital exposure, Scaramucci shared that roughly 40% of client assets are allocated to digital investments, including partnerships with Multicoin Capital and Brevan Howard Digital. SkyBridge’s $300 million coin fund features a mix of top cryptocurrencies such as Solana, Avalanche, Polkadot, and, notably, Bitcoin.

Recent Market Performance and Analyst Divergence

Despite Scaramucci’s bullish outlook, Solana’s recent price movements tell a more nuanced story. After peaking at an all-time high of $293.31 in January 2025, SOL has dropped to approximately $145, representing a 23.2% decline year to date. Ethereum, meanwhile, has experienced a slightly larger drop of 24.75% since the start of the year. With Solana’s market capitalization hovering just above $76 billion—compared to Ethereum’s robust $304 billion—the gap remains substantial.

Scaramucci did not specify when he expects Solana to overtake Ethereum, and his optimism is at odds with research from established financial institutions. Standard Chartered, for example, projects Solana will lag behind Ethereum for at least the next two to three years, citing declining ecosystem usage and technical scaling challenges.

Key Stats & Figures

• Solana Market Cap: Just over $76 billion as of June 2025
• Ethereum Market Cap: Approximately $304 billion, securing its spot as the second-largest cryptocurrency
• 2025 Price Highs: Solana peaked at $293.31 in January; now trades at ~$145, down 23.2% year to date
• Ethereum Performance: Down 24.75% since the start of the year; Standard Chartered forecasts ETH could hit $4,000 by end of 2025, and $7,500 by 2029
• Solana Projections: Standard Chartered expects $275 by end of 2025 and $500 by 2029
• SkyBridge Exposure: $300 million in a diversified coin fund with significant allocations to Solana, Bitcoin, Avalanche, and Polkadot

Analyst Disputes Highlight Uncertainty

The analyst community is starkly divided on the future prospects for Solana versus Ethereum. Standard Chartered points to “declining usage” and limited scaling as continued barriers for Solana, especially after the short-lived meme coin rush that propelled activity on its network. The bank’s projections have Solana trailing Ethereum’s market performance through 2029.

In contrast, Cantor Fitzgerald analysts are echoing Scaramucci’s optimism, arguing that Solana’s technical architecture outpaces Ethereum “across every metric.” Cantor is particularly bullish on companies holding SOL as treasury assets, signalling potential institutional confidence in Solana’s long-term upside.

Conclusion: What This Means for the Market

As debates over the next crypto market leader intensify, investors are watching Solana’s evolution in the shadow of Ethereum’s dominance. SkyBridge’s substantial allocation signals confidence in Solana’s growth trajectory, but divergent analyst forecasts highlight significant risks and uncertainties. Ultimately, only time will tell if Solana can break through the current ceiling and challenge Ethereum for the number two spot in the digital asset hierarchy.

Article by CryptoScribe for The Crypto Report