The total supply of stablecoins on Solana (SOL) has jumped by more than 73% since mid-January, driven by a surge in network activity following the launch of President Donald Trump’s memecoin. According to a Jan.
President Donald Trump’s surprise memecoin launches sent Pump.fun’s trading volume into overdrive, smashing the $3 billion weekly mark. Tokens from Solana memecoin launchpad Pump.fun recorded an all-time high of $3.3 billion in weekly trading volume, fueled by a torrent of President Donald Trump-themed memecoins.
Donald Trump’s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem. Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.
The global cryptocurrency market is currently in a bullish phase, with a 1.68% rise, increasing its total market capitalization to $3.69 trillion. Amid this
INX, a regulated marketplace for tokenized RWAs, security tokens, and cryptocurrencies, has listed Solana (SOL), TRUMP, and MELANIA.
Ripple (XRP) and Solana (SOL) investors think that FXGuys ($FXG) could be the next Solana because of its advanced technology and booming presale. Find more details here!
The TRUMP meme coin frenzy caused Solana dApps to suffer during an increased period of trading volume and congestion.
Separately, shares of Trump’s other publicly traded eponymous entity, Trump Media & Technology Group, dropped more than 10% in the first day of trading following Trump’s inauguration.
While Circle's USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.
Coinbase Derivatives, a subsidiary of the crypto exchange, has filed documents with the Commodity Futures Trading Commission (CFTC) to list Solana (SOL) and Hedera (HBAR) futures. The exchange plans to launch the product on Feb 18., with new contracts being cash-settled on a monthly basis, according to the filing.
The move bumps utility and useability for the TRUMP token, which launched on Jan. 17 and has since entered the top-thirty tokens.