• 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

Mog Coin Gains Traction as Analysts Monitor Its Growth

chest

Mog Coin continues to attract attention among investors seeking midcap growth with steady price movements and a focus on technological innovation.

user avatarRajesh Kumar

US Coast Guard's Interception May Disrupt Global Oil Trade

chest

The recent interception of the oil tanker Centuries by the US Coast Guard may have significant ripple effects on global oil trade.

user avatarLucas Weissmann

US Coast Guard Allegedly Boards Venezuelan Oil Tanker in Caribbean

chest

Reports suggest that the US Coast Guard recently boarded a tanker carrying Venezuelan oil in the Caribbean, although no official governmental confirmations have surfaced yet.

user avatarFilippo Romano

Aster and Yooldo Games Shine in a Year of Token Underperformance

chest

Aster and Yooldo Games have emerged as standout performers in a year where most tokens have struggled, with Aster seeing a FDV increase of over 740% and Yooldo Games over 530%.

user avatarEmily Carter

November CPI Distorted by Government Shutdown, Says Fed President

chest

November CPI distorted due to government shutdown, says Fed President John Williams.

user avatarTomas Novak

Implied Volatility Declines Ahead of Year-End

chest

Implied volatility for Bitcoin has compressed to 44, indicating weaker demand for near-term hedges.

user avatarMaya Lundqvist

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.