💥 Hard to believe statement from fund manager: "Solana price could reach $400, here's why"

According to Ryan McMillin, Director of Investments at cryptocurrency fund manager Merkle Tree Capital, Solana is expected to reach $400 during the November US elections, riding the wave of election-themed memecoins.
Two altcoins based on Solana, Jeo Boden and Donald Tremp, named after mixed versions of the last two American presidents, played a crucial role in this prediction. These memecoins helped Solana surpass Ethereum in terms of transaction volume this Thursday.
"\"Memecoins will sink deeper into the bullish market,\" said McMillin, suggesting that these two altcoins will be actively traded in the coming months. The rise of these memecoins has coincided with the strongest support ever given by former US President Donald Trump to cryptocurrency, and with the threat from current President Joe Biden last week to veto a pro-crypto bill, making cryptocurrencies an electoral issue."
According to the analyst, the volatility experienced by Solana due to this news should restore investor confidence in the blockchain, which has been marred by breakdowns over the years. "Although Memecoins are a ridiculous and short-term speculative tool, they pave the way for other more sustainable use cases, such as the tokenization of real-world assets," McMillin added.
Currently, Solana is trading around $136, which is still far from the all-time high of $260 set in November 2021. But according to McMillin, the increase in transaction volume has served as a real resistance test for the Solana network.
In addition, the analyst suggested that the price of Solana would be supported by more liquidity entering the market as the US Treasury takes steps to strengthen the economy.