Solana Reaches $275 Peak as Trump Memecoin Surges to $8 Billion
Donald Trump’s memecoin has sparked significant activity in the Solana ecosystem.
- Solana's SOL token reached new highs above $275 following Trump's endorsement of a TRUMP token.
- Large-cap tokens on Solana surged, with SOL trading volumes increasing from $3 billion to over $26 billion in 24 hours.
- SOL has gained over 46% weekly and nearly 3,000% since December 2022 lows of $9.
- The TRUMP token was issued late Friday by CIC Digital LLC and Fight Fight Fight LLC, with both holding 80% of the tokens under a three-year vesting period.
- TRUMP prices rose from a few cents to $14 within six hours amid uncertainty about its legitimacy.
- The token is now trading above $44, making it the third-largest memecoin by market cap after dogecoin and shiba inu.
