- Solana set a brand new all-time prime of $295 as euphoria across the TRUMP memecoin spurs bullish pastime
- 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, rallied to a brand new all-time prime of round $295 following a spike in on-chain buying and selling task, which succeeded the announcement of an respectable TRUMP token overdue Friday, January 17.
Round 9:44 PM EST, President-elect, Donald Trump, tweeted the brand new memecoin from his respectable X account.
My NEW Reputable Trump Meme is HERE! It’s time to rejoice the whole lot we stand for: WINNING! Sign up for my very particular Trump Group. GET YOUR $TRUMP NOW. Pass to https://t.co/GX3ZxT5xyq — Have A laugh! percent.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Whilst preliminary patrons had been wary, pondering the announcement to be a results of hackers, crypto sleuths quickly came upon the release to be legit. Budget started to float into the token one to a few hours post-launch.
The memecoin’s legitimacy, fuelled by means of Trump’s recognition within the crypto area and his political place, drew investors who transacted a complete quantity of round $27 billion over the 24 hours after the token’s release.
Solana worth motion
Solana rallied from $219.53 on Saturday morning to a prime of round $290 on Sunday morning. On the other hand, the cost didn’t shut above the former all-time prime at the day-to-day period of time.
The fee fell relatively from the brand new all-time prime Sunday afternoon as open pastime ranges on Binance declined.
SOL’s worth has begun to get well and trades at $264.32 as of publishing.