Close Menu
Cryprovideos
    What's Hot

    Blockchain can finish the meals fraud disaster, nevertheless it’s a pricey battle

    June 4, 2025

    The three Finest Meme Cash To Maintain This 12 months For Fast 100x Features –  Pepe, Dogwifhat and Punisher Coin

    June 4, 2025

    How a Crypto Consumer Recovered 100 ETH Misplaced to a Pockets Bug

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»How Solana Meme Cash and DeFi Pushed SOL Above $200 – Decrypt
    How Solana Meme Cash and DeFi Pushed SOL Above 0 – Decrypt
    Altcoins

    How Solana Meme Cash and DeFi Pushed SOL Above $200 – Decrypt

    By Ryan GladwinNovember 8, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Solana, the fourth largest cryptocurrency by market capitalization, has exceeded $200 for the primary time since April. This comes after Donald Trump received the U.S. Presidential election setting off inexperienced candles all through crypto markets and prompting the SOL trenches to enter overdrive.

    Solana (SOL) has climbed 7.5% on the day and 21.1% over the previous week, in keeping with CoinGecko, to a market capitalization of $95 billion. Early on Friday morning, the token peaked at a worth of $202.55, the very best it has been since April 1, 2024. 

    This earlier excessive was reached earlier than the community’s killer app, Pump.enjoyable, triggered meme coin mania to begin. Again in April Pump.enjoyable, the preferred token launchpad in crypto, was liable for simply 10,000 tokens a day. Since then, the meme coin manufacturing unit has hosted a slew of movie star tokens, outrageous livestreams, in addition to an revolutionary “AI-conceived” multi-million greenback coin.

    Now Solana has reached its April excessive, the Pump.enjoyable trenches are additionally exhibiting indicators of fine well being. On Thursday alone, 32,000 tokens had been launched, in keeping with Dune dashboard information. And simply this week the protocol handed 3 million whole cash deployed over its lifetime.

    This meme coin frenzy was largely motivated by the U.S. Presidential election and continued by believed pro-crypto candidate Trump successful. It turned a operating joke amongst meme coin merchants that they get their election information from the launchpad’s dashboard and {that a} Trump win can be nice for everybody’s portfolios.

    Throughout his marketing campaign Trump embraced crypto with open arms, successful over a lot of the business. This included promising to finish the “illegal and un-American crypto crackdown,” to create friendlier regulation, and immediate the federal government to stockpile Bitcoin. These crypto-related pitches are why the entire business is seeing a increase following his victory.

    With this, optimism for a Solana ETF has grown. Enterprise Head at CoinSwitch, Balaji Srihari, instructed Decrypt on Thursday that we may see the SEC’s stance on Solana soften, doubtlessly opening the door for an ETF.

    An ETF (Alternate Traded Fund) is a publicly traded funding automobile that tracks the worth of its underlying asset. In the beginning of the 12 months each Bitcoin and Ethereum had ETFs accredited within the U.S. with billions of {dollars} flowing by way of them. For instance, iShares Bitcoin Belief (IBIT), the most important Bitcoin ETF, has over $17 billion price of belongings below administration. 

    One of these funding automobile opens the door for conventional buyers, those that have sometimes veered away from cryptocurrency on account of its speculative nature and excessive barrier for entry. A Solana ETF would promote the injection of probably billions of {dollars} from this type of every-day investor.

    Edited by Stacy Elliott.

    Every day Debrief Publication

    Begin each day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Blockchain can finish the meals fraud disaster, nevertheless it’s a pricey battle

    June 4, 2025

    The three Finest Meme Cash To Maintain This 12 months For Fast 100x Features –  Pepe, Dogwifhat and Punisher Coin

    June 4, 2025

    How a Crypto Consumer Recovered 100 ETH Misplaced to a Pockets Bug

    June 4, 2025

    XRP Eyes Breakout as RLUSD Good points Regulatory Nod in Dubai – BlockNews

    June 4, 2025
    Latest Posts

    Bitcoin Derivatives Reset: Impartial Funding And Whale Withdrawals Trace At Bullish Shift

    June 4, 2025

    US Debt Disaster Might Make Bitcoin the World's Reserve Forex: Coinbase CEO – Decrypt

    June 4, 2025

    BTC, DOGE, XRP holders earn $78,500 a day with Bow Miner. How do they do it?

    June 4, 2025

    Bitcoin Pauses Beneath $106K as Analyst Reveals Key Assist Degree To Watch

    June 4, 2025

    Consensys CEO Joe Lubin envisions Ethereum anchoring international finance, surpassing Bitcoin

    June 4, 2025

    Riot Platforms Stories Vital Bitcoin (BTC) Manufacturing Improve in Might 2025

    June 4, 2025

    Will Bitcoin Value Drop to Zero If Quantum Breakthrough Occurs Tomorrow?

    June 4, 2025

    Crypto Information Flash: Ripple’s RLUSD Accepted, New Pepe Coin Launch, Trump’s Pockets And Bitcoin ETF

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Professional-Crypto Tremendous PAC Fairshake Has a $103 Million Battle Chest for 2026 US Midterms

    November 27, 2024

    Crypto Czar David Sacks Labels NFTs Memecoins Collectibles | Stay Bitcoin Information

    January 26, 2025

    R0AR NFTs Bridge the Hole Between Digital Artwork and DeFi Utility

    January 16, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.