We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Close Menu
Apply Your podcast Login
Apply Your Podcast
Crypto

Trump official meme coin soars to $8 billion, Solana hits lifetime high of $275

RedWave MediaBy No Comments2 Mins Read0 Views
Trump official meme coin soars to billion, Solana hits lifetime high of 5

Donald Trump's official meme coin fueled new speculative activity in the Solana ecosystem almost overnight.

Multiple large tokens based on Solana soared on Saturday, with the blockchain's native SOL token hitting $275 as the incoming US president endorsed a new Trump token based on Solana on Friday night, calling it the “official” meme coin. A new high was recorded.

As CoinDesk reported on Saturday, the selection of Solana as the issuing network has increased demand and sentiment for the SOL token.

SOL's trading volume soared from $3 billion on Thursday to more than $26 billion in the past 24 hours, with Saturday's move pushing the weekly gain to more than 46%.

This is an increase of nearly 3,000% since hitting a three-year low of $9 in December 2022 following the collapse of cryptocurrency exchange FTX and its prominent backer Sam Bankman Freed. Feelings toward Mr. Solana soured.

(CoinGecko)

President Trump's official meme coin was launched on the Solana blockchain late Friday US time by a team including ecosystem giants Jupiter and Meteora. The price of Jupiter’s JUP token has increased by 30% in the past 24 hours.

According to the BBC, the token launch was coordinated by CIC Digital LLC, an affiliate of the Trump Organization, and the newly formed company Fight Fight Fight LLC. Both companies own 80% of the tokens, which have a vesting period of more than three years, so it's unclear how much profit Trump will make from the venture.

Trump's price goes from a few cents to $14 in less than six hours amid confusion over whether the token is actually backed by Trump or whether someone hacked Trump's account and issued a fake token. It skyrocketed.

It was trading above $44 in the Asian afternoon hours on Sunday, and has gained listings on prominent exchanges Coinbase and Binance, as well as several futures products. In terms of market capitalization, it is the second meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB), and is Flipping Pepecoin (PEPE).

Share.
admin

Related Posts

Heading (5) (2)

News

Company

© 2025 RedWave Media. powered by RedWave Token $RDWA.
en en