XRP has emerged as one of the strongest performers in 2025, overtaking Solana both in price growth and market position. The dramatic shift prompted Helius CEO Mert Mumtaz to post the words “It’s Over,” igniting commentary within the crypto community.
Kicking off 2025 with a 46 percent surge in January, XRP staged a bullish recovery after facing a 29.3 percent dip in February and a slight 2.52 percent decline in March.
This month saw a 4.98 percent gain, while May dipped by 0.80 percent; however, June delivered a 0.57 percent rise, pushing the price to $2.19.
Solana, which began 2025 solidly with a 22.3 percent jump in January, could not maintain the trend. February saw a sharp negative step of 36 percent, and then the negative percentage of 15.7 came in March.
Part recovery was achieved in April when the index increased by 18.6 percent and further rose by 6.11 percent in May, but in June, Solana declined again by 3.73 percent to the current price of 150.72.
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dont let this distract you from the fact that XRP has been much, much higher than SOL this whole year
we can not win against this, we do not have the technology
it’s over
— mert | helius.dev (@0xMert_) June 30, 2025
XRP Overtakes Solana in Market Cap as Investor Sentiment Shifts
Market capitalization data confirms the momentum shift, with XRP now ranking as the third-largest cryptocurrency, beside stablecoins, at a valuation of $128.6 billion. Solana has dropped to sixth, holding a market cap of $80.4 billion. BNB has also moved ahead of Solana, with a market cap of $95.5 billion.
In the last year, XRP has recorded a 360.5 percent increase, compared to Solana, which has an increase of 6.8 percent. Ripple’s continuous growth in institutional finance has enhanced its take-up, mostly in cross-border payment solutions.
Solana still attracts developers and retail users with its speed of transactions and minimal fees, but its monopoly seems to be diminishing.
Crypto analysts believe that Mert Mumtaz’s message, “It is Over,” demonstrates an increasing pressure on Solana’s status. His brief post came as a shift, as he is known to openly support the Solana ecosystem.
In the meantime, the two tokens compete for ETF approval, with XRP’s eligibility strengthened by growing legal clarity from ongoing SEC developments. Spot ETF requests are already up for consideration by the SEC, with analysts predicting a conclusion in Q2-Q4 2025.
Solana is also considering several ETF proposals, none of which have been accepted in the United States, though Canadian regulators have already approved Solana ETFs. Some analysts still think that Solana could become the pioneer, even though XRP has a regulatory advantage.
Conclusion
XRP’s performance and market rise have placed it ahead of Solana in 2025. With shifting investor sentiment and key ETF decisions on the horizon, the competition between the two is far from over.
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