Solana is reaping the rewards of being the house for Donald Trump’s official meme coin.
The value of Solana (SOL) surged to a brand new all-time excessive worth mark in accordance to some worth sources Saturday, with each CoinMarketCap and crypto trade Coinbase exhibiting a brand new peak mark close to $269 for the community’s native coin.
As of this writing, CoinMarketCap reveals SOL up by 14% on the day at a present worth of $250. It is the one gainer within the high 10 cash over the previous 24 hours, and one among simply two cash within the inexperienced among the many high 30, with Sui (SUI) up about 2.5%.
Not each worth tracker reveals an all-time file for Solana on Saturday, nonetheless: CoinGecko reveals a day by day peak above $262, touchdown lower than a greenback shy of that website’s SOL file of $263.21 from November.
What’s indeniable, nonetheless, is that Solana—the main meme coin chain over the previous 12 months—is using the Trump wave. And TRUMP stays in sizzling demand, with CoinGecko exhibiting practically double the quantity of buying and selling quantity for the Solana token over Dogecoin, the unique and most beneficial meme coin by market cap.
Practically $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 over the past 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 present buying and selling arms for over $26 per token, with a market cap of $5.25 billion.
Each day Debrief Publication
Begin each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.
Source link
