Solana Hits New All-Time High After Donald Trump’s Memecoin Launch
Solana (SOL), one of the leading cryptocurrencies globally, has reached a new all-time high, driven by unexpected developments that caught the market’s attention. The surge followed the announcement that U.S. President Donald Trump had launched a memecoin operating on the Solana blockchain. This unusual move fueled significant excitement among investors, propelling SOL’s price beyond its previous record. Currently trading at approximately $251 after a slight correction, Solana managed to surpass its previous high of $263. The altcoin experienced a remarkable 20% price increase in the past 24 hours, although its volatility remains notably high. Despite this impressive rally, Solana holds its position as the fifth-largest cryptocurrency by market capitalization, trailing just behind Tether. SHARE: 0 SHARES