Solana is reaping the rewards of being the house for Donald Trump’s official meme coin.
The worth of Solana (SOL) surged to a brand new all-time excessive worth mark in line with some worth sources Saturday, with each CoinMarketCap and crypto alternate Coinbase exhibiting a brand new peak mark close to $269 for the community’s native coin.
As of this writing, CoinMarketCap reveals SOL up by 14% on the day at a present worth of $250. It is the one gainer within the high 10 cash over the previous 24 hours, and one in every of simply two cash within the inexperienced among the many high 30, with Sui (SUI) up about 2.5%.
Not each worth tracker reveals an all-time report for Solana on Saturday, nonetheless: CoinGecko reveals a every day peak above $262, touchdown lower than a greenback shy of that web site’s SOL report of $263.21 from November.
What’s indeniable, nonetheless, is that Solana—the main meme coin chain over the previous yr—is driving the Trump wave. And TRUMP stays in sizzling demand, with CoinGecko exhibiting practically double the quantity of buying and selling quantity for the Solana token over Dogecoin, the unique and most precious meme coin by market cap.
Almost $12.4 billion price of TRUMP has modified palms since late Friday, whereas Dogecoin buying and selling quantity is simply shy of $6.5 billion over the past day. And Dogecoin has had that full 24-hour interval, whereas TRUMP wasn’t accessible for the primary few hours of that rolling span.
TRUMP is at the moment buying and selling palms for over $26 per token, with a market cap of $5.25 billion.
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