Solana’s Total Value Locked Surpasses $12 Billion Following TRUMP Memecoin Launch

Donald Trump's memecoin launch on the Solana blockchain has significantly impacted both the cryptocurrency's price and its total value locked (TVL). Key points include:

The announcement led to a 23% increase in SOL's price, reaching an all-time high.
TVL on Solana surpassed $12 billion, marking its highest level since the FTX collapse.
Value locked in SOL terms exceeded 45 million SOL for the first time since August 2022.
The memecoin, named $TRUMP, is coordinated by CIC Digital LLC and Fight Fight Fight LLC, owning 80% of its supply.
$TRUMP is set to be listed on major exchanges like Binance and Coinbase, becoming the third-largest memecoin by market capitalization.
Trading volume reached nearly $400 million within 12 hours of launch, with over 200,000 new users onboarded.
Speculative trading may continue as institutional activity typically resumes during the week.
The launch has raised expectations for a potential Solana exchange-traded fund (ETF), with probabilities increasing from 43% to 61%.
The token's introduction indicates a shift in U.S. fintech policy toward more permissive innovation in the crypto sector.

This development presents Solana with opportunities to attract new users and demonstrate its network stability amid past outages.