Solana surges 12% on launch of Trump-themed meme coin, ether falls

Category: Cryptocurrency

Solana's SOL token surged 12% to $247.76 following the launch of the meme coin 'Official Trump' (TRUMP), which has a market cap exceeding $5 billion. The coin's announcement coincided with Trump's inauguration and has seen a dramatic price increase of 604% since its launch. SOL's popularity is leading to interest in exchange-traded funds tracking its price, with several asset managers approaching a decision deadline for potential ETFs.

Keywords: Solana, SOL token, Official Trump

Source: NBC New York

Update At: 1/19/2025

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