- Solana set a brand new all-time excessive of $295 as euphoria across the TRUMP memecoin sparks bullish curiosity.
- The community token rose over 20% on Saturday, January 18 as on-chain buying and selling quantity reached $27 billion.
Solana's community token, SOL, hit a brand new all-time excessive of round $295 following a spike in on-chain buying and selling exercise, which adopted the announcement of an official TRUMP token on Friday night the seventeenth. January.
Round 9:44 p.m. EST, President-elect Donald Trump tweeted the brand new memecoin from his official X account.
My NEW official Trump meme is HERE! It's time to have fun all the things we stand for: WINNING! Be a part of my very particular Trump neighborhood. GET YOUR $ASSET NOW. Go to https://t.co/GX3ZxT5xyq — Have enjoyable! pic.twitter.com/flIKYyfBrC
– Donald J. Trump (@realDonaldTrump) January 18, 2025
Whereas early patrons have been cautious, considering the announcement was the results of hackers, crypto detectives rapidly found the launch was reputable. Funds began flowing into the token 1-3 hours after launch.
Memecoin's legitimacy, fueled by Trump's reputation in crypto and his political stance, attracted merchants who traded a complete quantity of round $27 billion within the 24 hours following the token's launch.
Solana Worth Motion
Solana rose from $219.53 on Saturday morning to a excessive of round $290 on Sunday morning. Nevertheless, the value didn’t shut above the earlier all-time excessive on the every day timeframe.
The value declined barely from the brand new all-time excessive on Sunday afternoon as open curiosity ranges on Binance declined.
SOL worth has began to get well and is buying and selling at $264.32 at press time.
