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

Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump.

President-elect Donald Trump launched the $TRUMP crypto meme coin, which generated more than $6.27 billion in market capitalization, a 600% rise in one day.

Donald Trump is promoting a Solana meme coin from his social media accounts. Elaborate hack or a truly wild new era for crypto?

President-elect Donald Trump promised a crypto-friendly administration. Days before taking office a second time, he began selling a new cryptocurrency. Named $TRUMP, the project is a so-called meme coin,

Explore why investors are riding the iDEGEN wave amid the ongoing demand for meme coins like Donald Trump's TRUMP

The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.

President-elect Trump has launched his own crypto token called Trump coin. In less than 24 hours, the coin has had a 12,000% gain and has seen billions in trading volume.

With the TRUMP token flying high and boosting Solana in the process, Dogecoin and other top meme coins are losing steam Saturday.

Donald Trump has launched TRUMP meme coin on Solana. It can be bought through official website using debit card or cryptocurrency.

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