Donald Trump’s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem nearly overnight.Multiple large-cap tokens

Suspicious trading activity has emerged around Donald Trump’s Solana-based TRUMP memecoin as its market cap soared to $42 billion, drawing a frenzy of retail investors. On Jan. 18, Bubblemaps, an onchain analytics firm,

Solana's SOL token rocketed after a memecoin linked to President-elect Donald Trump launched on the popular blockchain network.

Top-performing xrp (XRP) and Ethereum’s ETH saw profit taking early Saturday as a Donald Trump-themed “official” memecoin attracted $3 billion in its first few hours after being issued on the Solana network, driving demand for SOL tokens.

As the Trump Memecoin gained momentum, Solana (SOL ) also experienced a significant surge in price, reaching an all-time high. The cryptocurrency market has been witnessing a bullish trend, with many altcoins showing impressive gains.

President-elect Donald Trump unveiled his personal memecoin, TRUMP, on the Solana blockchain. At its peak, TRUMP rallied by 6,695%, pushing its market cap to $12.52 billion on the charts. However, AMBCrypto’s analysis revealed that the token may soon see a short-term pullback or consolidation, before resuming its upward trajectory.

Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account

Solana, the fourth-largest cryptocurrency by market cap excluding stablecoins, experienced a significant price surge on Saturday. According to Coin Metrics, the price of SOL increased by more than 12%,

Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump. According to data by Coingecko, SOL has increased by more than 16% in the past twenty-four hours,