Solana is reaping the rewards of being the house for Donald Trump’s official meme coin.
The value of Solana (SOL) surged to a brand new all-time excessive worth mark based on some worth sources Saturday, with each CoinMarketCap and crypto trade Coinbase displaying a brand new peak mark close to $269 for the community’s native coin.
As of this writing, CoinMarketCap exhibits SOL up by 14% on the day at a present worth of $250. It is the one gainer within the prime 10 cash over the previous 24 hours, and one among simply two cash within the inexperienced among the many prime 30, with Sui (SUI) up about 2.5%.
Not each worth tracker exhibits an all-time file for Solana on Saturday, nonetheless: CoinGecko exhibits a day by day peak above $262, touchdown lower than a greenback shy of that website’s SOL file 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 displaying almost 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 value of TRUMP has modified fingers since late Friday, whereas Dogecoin buying and selling quantity is simply shy of $6.5 billion during the last day. And Dogecoin has had that full 24-hour interval, whereas TRUMP wasn’t obtainable for the primary few hours of that rolling span.
TRUMP is presently buying and selling fingers for over $26 per token, with a market cap of $5.25 billion.
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