• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Trump's Memecoin Impacted Solana

user avatar

by Giorgi Kostiuk

2 months ago


The launch of Donald Trump's memecoin, TRUMP, has been a significant event for the Solana network, boosting its total value locked (TVL) to a record $12 billion.

Trump's Memecoin and Solana

Donald Trump selected the Solana platform for the release of his TRUMP memecoin, associated with his presidential campaign. The project, developed by CIC Digital LLC, entered the market with 80% of the total supply to be released over the next three years. This event led to a 23% increase in SOL's price and boosted trading activity on decentralized exchanges like Raydium and Moonshot.

Impact on U.S. Crypto Policy

Trump's memecoin is seen as a turning point for the U.S. cryptocurrency market, signaling possible shifts in the country's financial policy. Erik Voorhees noted that this development could point toward new regulatory approaches and innovations in the U.S. financial sphere.

Future of the Solana Network

The launch of the memecoin presents a significant test for the Solana network, challenging its capacity to handle increased user traffic and investment inflows. The heightened interest in the platform might facilitate the launch of major Solana-based ETFs.

The TRUMP project has become a catalyst for renewed interest in the Solana network and the U.S. cryptocurrency sector, opening up prospects for further innovation and development.

0

Share

Other news

Holder Profitability Declines for XRP, Solana, Dogecoin Despite Market Cap Growth

Surprising drop in holder profitability for XRP, Solana, and Dogecoin despite growth in crypto market capitalization.

user avatarGiorgi Kostiuk

7 minutes ago

Impact of Tariffs on Economic Growth and Inflation: New Challenges

Tariffs slow the economy and increase inflation, posing stagflation risks.

user avatarGiorgi Kostiuk

8 minutes ago

Blackrock and Galaxy Digital Strengthen Positions in the UK Crypto Market

Blackrock and Galaxy Digital bolster their roles in the UK cryptocurrency sector with new licenses and growth strategies.

user avatarGiorgi Kostiuk

8 minutes ago

Inflation and Tariffs: Investors Seek Strategies

The global economy teeters as inflation and tariffs spike. Investors assess long-term strategies to optimize returns.

user avatarGiorgi Kostiuk

16 minutes ago

Qubetics, Toncoin, and Litecoin: Analysis of Current Position

Exploring features and prospects of Qubetics, Toncoin, and Litecoin amid changes in the cryptocurrency market.

user avatarGiorgi Kostiuk

16 minutes ago

Dragoin: The Battle for Meme Coin Supremacy

Dragoin ($DDGN) emerges as a unique meme coin with growth potential, inspired by Game of Thrones.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.