• 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

Bitcoin Hyper and Other Presales Aim for Innovation

chest

Bitcoin Hyper, Earth Version 2, and IPO Genie are launching innovative projects in the crypto space, each with unique strategies.

user avatarBayarjavkhlan Ganbaatar

Aztec Network Successfully Raises 19,476 ETH in AZTEC Token Sale

chest

Aztec Network has successfully concluded its public sale of the AZTEC token, raising a total of 19,476 ETH from 16,741 participants.

user avatarMohamed Farouk

Citadel Securities' SEC Filing Raises Regulatory Concerns for DeFi Developers

chest

Citadel Securities filed a comment letter with the SEC suggesting that DeFi developers may need to comply with broker-dealer obligations, igniting backlash from the DeFi community.

user avatarElias Mukuru

Elon Musk Denies SpaceX's 800B Valuation Rumors

chest

Elon Musk denies claims of SpaceX fundraising at an 800 billion valuation and emphasizes the company's focus on Starship and Starlink developments.

user avatarKenji Takahashi

Historical Insights on SpaceX's Valuation

chest

Historical insights on SpaceX's valuation and its impact on the aerospace industry and market sentiments.

user avatarDiego Alvarez

Solana Sees Significant Increase in Total Value Locked, Indicating Strong Market Interest

chest

Solana's Total Value Locked (TVL) has seen a notable increase, indicating robust capital inflows and strong interest in decentralized finance (DeFi) on the platform.

user avatarGustavo Mendoza

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.