How $TRUMP Is Boosting Solana Price

At a time when Republican leader Donald Trump known for his pro-crypto stance, is preparing to take the oath of office as the 47th President of the United States of America, the number of searches for “Buy Crypto” and “Buy Solana” on the Google Search platform has witnessed a massive surge.

Maybe, you are wondering what’s the relation between Trump’s inauguration and Solana. Actually, the connection is not between the inauguration and Solana but between a token released on January 18, 2025 and the solana blockchain. The Official Trump token, or $TRUMP, is a Solana-based meme token launched by Trump. Here is what you should know about the development. 

$TRUMP Meme coin’s Explosive Debut 

At the start of January 18, 2025, the day the meme coin was introduced, the price of the Official Trump token was around $4.29. By the close of that day, the market climbed to $32.13, marking a growth of 648.951%. At one point on January 19, the market touched an ATH of $73.43. Right now, the market stands at $51.89 – around 41.51% below the ATH. Since January 18, the market has seen a rise of 1,109.557%.

Notably, in the last one hour alone, the token has recorded a growth of nearly 11.4%, showcasing its immense growth potential in the coming hours.

The massive growth of the Official Trump token has created massive excitement in the market. 

The number of searches for “Buy Crypto” and, especially, “Buy Solana’ on the Google Search platform has witnessed tremendous growth. 

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Timing of the Launch and Market Impact 

As discussed earlier, the launch of $TRUMP coincided with the second presidential inauguration of pro-crypto political leader Donald Trump, who, during the presidential campaign, promised to introduce policies necessary to create a supportive ecosystem for the growth of the cryptocurrency sector.  

Experts think that the timing of the launch has enabled the meme coin to gain excellent visibility. 

Solana Market Performance: An Overview 

Trump’s meme coin launch has brought serious attention to the Solana market. On January 18, the Solana price experienced a massive surge of 19.10% – the largest single-day growth the market has witnessed in its recent price action history. On January 19, the SOL market touched a monthly peak of $295.34. In the last seven days, the market has seen a growth of 33.1%. 

Importantly, the market has reported a rise of 2.8% in the last hour alone.    

In conclusion, $TRUMP token’s explosive growth and its timing have driven immense attention to Solana. With significant gains in search interest and Solana’s market performance, the scenario highlights how blockchain and politics intersect. 

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FAQs

What is the TRUMP meme coin ?

The TRUMP meme coin is a Solana-based token launched by Donald Trump, leveraging blockchain tech for massive growth and visibility.

How to buy the TRUMP meme ?

To buy the TRUMP meme coin, create a Solana wallet, fund it with SOL, connect to a Solana DEX, and trade for $TRUMP using SOL.

Source: https://coinpedia.org/news/trump-memecoin-price-sparks-648-surge-how-trump-is-boosting-solana-price/