Solana sets new all-time high as TRUMP-fuelled rally spurred price growth

2025-1-20 13:49

Solana set a new all-time high of $295 as euphoria around the TRUMP memecoin spurs bullish interest The network token rose over 20% on Saturday, January 18 as on-chain trading volume reached $27 billion

Solana’s network token, SOL, rallied to a new all-time high of around $295 following a spike in on-chain trading activity, which succeeded the announcement of an official TRUMP token late Friday, January 17.

Around 9:44 PM EST, President-elect, Donald Trump, tweeted the new memecoin from his official X account.

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

While initial buyers were cautious, thinking the announcement to be a result of hackers, crypto sleuths soon discovered the launch to be legitimate. Funds began to flow into the token one to three hours post-launch.

The memecoin’s legitimacy, fuelled by Trump’s popularity in the crypto space and his political position, drew traders who transacted a total volume of around $27 billion over the 24 hours after the token’s launch.

Solana price action SOL/USD Chart by CoinGecko

Solana rallied from $219.53 on Saturday morning to a high of around $290 on Sunday morning. However, the price didn’t close above the previous all-time high on the daily time frame.

SOL/USD Chart by TradingView

The price fell slightly from the new all-time high Sunday afternoon as open interest levels on Binance declined.

SOL’s price has begun to recover and trades at $264.32 as of publishing.

The post Solana sets new all-time high as TRUMP-fuelled rally spurred price growth appeared first on CoinJournal.

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Solana (SOL) на Currencies.ru

$ 126.15 (+0.29%)
Объем 24H $2.003b
Изменеия 24h: 0.10 %, 7d: -8.91 %
Cегодня L: $123.24 - H: $127.03
Капитализация $64.623b Rank 6
Цена в час новости $ 253.92 (-50.32%)

all-time high new solana trading around on-chain

all-time high → Результатов: 126


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