• 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

KOSPI 5000 Breakthrough: Expert Analysis and Market Outlook

chest

Following the KOSPI index's historic breakthrough of 5000 points, financial experts urge cautious optimism while highlighting the need for careful assessment of valuation metrics and external risks.

user avatarNguyen Van Long

Factors Driving KOSPI's Historic Surge Above 5000 Points

chest

Several interconnected factors contributed to the KOSPI index's rise above 5000 points, including strong corporate earnings and foreign investment.

user avatarKofi Adjeman

KOSPI Index Surpasses 5000 Points in Historic Achievement

chest

In a landmark moment for Asian finance, South Korea's benchmark KOSPI index decisively breached the formidable 5,000-point barrier during early trading in March 2025.

user avatarSatoshi Nakamura

Uniswap Launches Continuous Liquidation Auction on Base Network

chest

Uniswap has officially launched its Continuous Liquidation Auction on the Base network, enabling developers to run onchain token auctions.

user avatarJesper Sørensen

Strive Announces $150 Million Fundraising Plan

chest

Strive, a publicly traded Bitcoin treasury firm, plans to raise $150 million through Series A Perpetual Preferred Stock to repay debt, acquire Bitcoin, and support growth.

user avatarRajesh Kumar

FIGHT Project Announces Full Refunds and Token Airdrop for Community Support

chest

FIGHT Project announces full refunds and token airdrop for community support.

user avatarEmily Carter

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.