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 value mark in line with some value 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 exhibits SOL up by 14% on the day at a present value 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 value tracker exhibits an all-time document 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 document 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 scorching 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 arms 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 out there for the primary few hours of that rolling span.
TRUMP is at the moment buying and selling arms for over $26 per token, with a market cap of $5.25 billion.
Day by day Debrief Publication
Begin daily with the highest information tales proper now, plus unique options, a podcast, movies and extra.
