Trump’s Official Memecoin Boosts Solana to New Heights
- Solana’s native SOL token reached new highs above $275.
- SOL trading volumes surged from $3 billion to over $26 billion in 24 hours.
- The TRUMP token was issued on the Solana blockchain by a team including Jupiter and Meteora.
- TRUMP prices soared from a few cents to $44 within hours, becoming the third-largest memecoin by market cap.
- CIC Digital LLC and Fight Fight Fight LLC hold 80% of TRUMP tokens with a three-year vesting period.
The launch of Donald Trump’s official memecoin on the Solana blockchain led to a significant increase in SOL trading volumes, which jumped from $3 billion to over $26 billion in just one day. The TRUMP token quickly became the third-largest memecoin by market capitalization.
Source (2.6)https://www.coindesk.com/markets/2025/01/19/solana-hits-275-lifetime-peak-as-official-trump-memecoin-surges-to-8-b?rand=52298
