The new memecoin launched by U.S. President Donald Trump has become a topic of discussion in the cryptocurrency sphere. An analysis shows his team actively buying Solana, raising many questions.
Launch of Memecoin and Interest in Solana
Following the launch of the new memecoin yesterday, the crypto market was invigorated. A series of onchain data indicates that wallets linked to Donald Trump began actively purchasing Solana.
Asset Movement and Solana Purchase
According to data, Trump is continuously transferring liquidity to TRUMP pools on the Meteora platform. The team, having accumulated $7 million in SOL, sent them to OKX, presumably for sale. This suggests no current intention to accumulate SOL.
Trump's Strategic Moves in Cryptocurrency
A recent article stated that Trump is open to using cryptocurrencies like Solana and XRP as a strategic reserve for the U.S. Considering the memecoin launch on the Solana network, one might suggest he is favorably disposed to this cryptocurrency.
The launch of Donald Trump's memecoin and his actions in the Solana market rouse interest and draw attention to the future relationship between politics and cryptocurrency.
