- Solana’s day by day charges hit $33.2M, pushed by memecoin buying and selling exercise.
- TRUMP’s $14B market cap fuels Solana’s $27B+ day by day DEX volumes.
- Solana’s token climbs 50% in every week, buying and selling above $260.
Solana is driving a wave of unprecedented exercise, with its community charges hitting an all-time excessive. On Sunday, complete charges reached $33.2 million, pushed by intense buying and selling exercise surrounding meme cash linked to U.S. President-Elect Donald Trump. This milestone highlights SOL’s rising prominence within the crypto area, notably as a hub for meme coin fanatics.
The surge started when Trump unveiled a brand new meme coin, Official Trump (TRUMP), on the SOL blockchain. The token rapidly captured consideration, boasting a market capitalization exceeding $14 billion and a completely diluted valuation of $70 billion. Inside 24 hours, it ranked among the many high 20 cryptocurrencies by market cap.
Including to the frenzy, Melania Trump launched her personal meme coin, Melania Meme (MELANIA), which presently trades at a market cap of $1.6 billion. The rollout of those tokens has drawn vital liquidity to SOL-based decentralized exchanges (DEXs), with day by day on-chain volumes surpassing $27 billion—the best amongst all Layer 1 networks, per DeFiLlama.
Solana’s Broader Market Impacts
This surge in exercise has not gone unnoticed. Solana’s native token (SOL) has rallied over 50% prior to now week, breaking by way of the $260 mark for the primary time. The spike underscores how SOL has develop into the epicenter of the newest crypto craze, luring customers from different networks.
In the meantime, the broader cryptocurrency market has additionally seen turbulence. Early Monday, Bitcoin reached $109,111 earlier than sliding again to $108,000. The exercise highlights the unpredictable nature of the crypto area, as traits like meme cash affect not simply particular networks however the market at massive.
Solana’s transaction charges soared to a report $33.2 million on Sunday, reflecting heightened exercise. The newly launched TRUMP token achieved a $14 billion market cap with a $70 billion absolutely diluted valuation, whereas the MELANIA memecoin reached $1.6 billion in market cap. SOL’s native token, SOL, surged 50% this week, climbing above $260. Day by day on-chain volumes on SOL-based decentralized exchanges exceeded $27 billion, the best amongst all Layer 1 networks. In the meantime, Bitcoin skilled volatility, peaking at $109,111 earlier than settling round $108,000.
The Trump-themed meme coin phenomenon is redefining Solana’s narrative. With report charges, surging token costs, and large buying and selling volumes, Solana has cemented itself as a focus of crypto innovation. Because the market grapples with its influence, Solana’s position within the ecosystem will undoubtedly develop.
