Solana is reaping the benefits of being home to Donald Trump’s official meme coin.
According to some price sources, the price of Solana (SOL) rose to a new all-time high on Saturday, with both CoinMarketCap and crypto exchange Coinbase showing a new peak of almost $269 for the network’s native coin.
At the time of writing, CoinMarketCap has the SOL up 14% on the day at a current price of $250. It is the only gainer in the top 10 coins over the past 24 hours, and one of only two coins in the green in the top 30, with Sui (SUI) up about 2.5%.
Not every price tracker shows a record for Solana on Saturday, though: CoinGecko shows a daily spike above $262, landing less than a dollar lower than that site’s SOL record of $263.21 from November.
What is indisputable, however, is that Solana – the leading meme coin chain of the past year – is riding the Trump wave. And TRUMP is still in high demand, with CoinGecko showing almost double the trading volume for the Solana token versus Dogecoin, the original and most valuable meme coin by market cap.
Nearly $12.4 billion worth of TRUMP has changed hands since late Friday, while Dogecoin’s trading volume in the past day is just under $6.5 billion. And Dogecoin had that full 24 hour period, while TRUMP was down for the first few hours of that rolling period.
TRUMP is currently trading for over $26 per token, with a market cap of $5.25 billion.
Daily debriefing Newsletter
Start every day with today’s top news stories, plus original articles, a podcast, videos and more.
