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

Trump's Meme Coin Elevates Solana to New Heights

user avatar

by Giorgi Kostiuk

a year ago

The newly launched meme coin associated with Donald Trump has sparked a significant increase in Solana's value in the crypto market.

Impact of TRUMP Meme Coin on the Crypto Market

Donald Trump's official meme coin, TRUMP, has generated considerable interest, driving its market cap to $6 billion, making it the 33rd largest digital asset. The token's demand has significantly impacted the broader crypto market.

Role of Solana Blockchain

The TRUMP meme coin is based on the Solana blockchain, which increased the demand for its native token SOL. Trading volumes exceeded $11 billion in the past 24 hours, with SOL rising 18% within the past day, reaching new all-time high levels.

Implications for the Crypto Industry

Solana's surge is also linked to other developments, such as President Trump's plans to prioritize crypto on the national agenda. Additionally, prospects for a Solana ETF have increased in light of recent events.

Solana's rise amid the popularity of the TRUMP meme coin indicates significant shifts in the cryptocurrency industry. It remains to be seen how these changes will affect the market in the long term.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korean Won Faces Volatility After Initial Gains

chest

The South Korean won experienced significant volatility after initial gains were reversed due to profit-taking and broader market concerns.

user avatarTenzin Dorje

Apeing Emerges as a Leading Meme Coin Amid Regulatory Uncertainty

chest

Apeing is gaining traction as one of the best new meme coins, appealing to traders during regulatory uncertainty.

user avatarBayarjavkhlan Ganbaatar

TSMC Achieves Record Profit in Fourth Quarter Amidst AI Chip Demand

chest

TSMC reports record net income of NT505.74 billion in fourth quarter, driven by strong demand for AI and high-performance chips.

user avatarMohamed Farouk

DFINITY Foundation Unveils Plan to Slash ICP Token Inflation by 70%

chest

The DFINITY Foundation has unveiled a plan to reduce the inflation rate of ICP tokens by 70% through supply-side reforms and increased network demand.

user avatarElias Mukuru

Yao Qian's Corruption Exposed Through Blockchain Technology

chest

A documentary reveals Yao Qian's corruption involving 2000 ETH received in 2018, traced using blockchain.

user avatarDiego Alvarez

Bitcoin Open Interest Reaches All-Time High Amid 2025 Speculation

chest

Bitcoin's open interest surged to an all-time high of over $15 billion on October 6, 2025, driven by a speculative frenzy in the crypto derivatives market.

user avatarKenji Takahashi

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.