Renowned macro expert and former Goldman Sachs executive, Raoul Pal, has shared his significant investment in a competitor of Ethereum (ETH). During an interview on the Bankless YouTube channel, Pal revealed that approximately 80% of his cryptocurrency holdings are in Solana (SOL), the native token of the layer-1 blockchain. The remaining portion of his portfolio is diversified among memecoins, digital collectibles, and a digital assets-focused investment vehicle.

Pal explained, “I am 80% SOL. All of my ETH is now NFTs (non-fungible tokens), I have been buying high-end art NFTs. I then have a bunch of the portfolio in the fund of hedge funds in Exponential Age Asset Management. And I have 1% in stupid s**t like dogwifhat, Dogecoin, and Bonk. Got all of those. But that’s 1%… just to be clear I’ve got like in all of memecoins and everything else, 1% of my portfolio. I am 80% Solana.”

When asked about the catalyst that led him to heavily invest in Solana, Pal pointed to the Solana/Ethereum chart. He stated, “The chart that was a standout in 2022 was the Solana/Ethereum chart. And that was the chart that got me buying Solana and then going all in. Much like I went into Ethereum all in about September 2020. I just did it earlier in Solana.”

As of the time of writing, Solana is trading at $133, marking a remarkable increase of over 1,240% from its 2022 closing price of around $9.89. In comparison, Ethereum has experienced a rise of approximately 155% from its 2022 closing price of around $1,200 to its current price of $3,062.

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