• 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

Rhode Island's Bitcoin Tax Bill Sparks Positive Community Response

chest

The proposed Rhode Island Bitcoin tax bill has received a generally positive response from the local cryptocurrency community, with discussions on its implications for financial inclusion.

user avatarJesper Sørensen

CoinCodex Forecasts Continued Silver Strength

chest

CoinCodex projects sustained strength in silver prices over the near and medium term, indicating a shift towards a steeper advance.

user avatarLucas Weissmann

Rhode Island Bitcoin Tax Bill Proposes Clear Exemption Thresholds

chest

The Rhode Island Bitcoin tax bill proposes clear thresholds for tax exemption on Bitcoin transactions, allowing up to $5,000 per month tax-free, with an annual cap of $20,000.

user avatarRajesh Kumar

Noise Prediction Market Raises $71M to Transform Cultural Value Measurement

chest

Noise, a social trend prediction platform, has raised $71 million in a funding round led by Paradigm to enhance its platform and launch on the Base blockchain.

user avatarFilippo Romano

Noise Revolutionizes Cultural Value Measurement with Prediction Market

chest

Noise is set to transform the way cultural value is measured by applying financial market principles to social phenomena.

user avatarEmily Carter

Pepeto Launches Presale at $0.0000000177, Aiming to Capture Altcoin Rotation

chest

Pepeto is launching its presale at a low entry cost of $0.0000000177 per token, aiming to attract early investors before exchange listings.

user avatarTomas Novak

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.