Solana surges 15% on launch of Trump-themed meme coin, ether falls

Category: Cryptocurrency

Solana's SOL token surged 16.5% following the launch of the 'Official Trump' meme coin on its blockchain, which attracted over $5 billion. The coin's rapid rise coincided with Trump's inauguration and the end of Gary Gensler's term at the SEC. SOL has gained 85% in 2024 and is close to its all-time high, while the new meme coin skyrocketed 604% shortly after its launch.

Keywords: Solana, SOL token, Official Trump coin

Source: CNBC

Update At: 1/19/2025

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