TRUMP Goes Live on Solana Driving the SOL Price Above $235—Here’s What’s Waiting This Weekend
this cryptocurrency market Continue to trade under bullish influence bitcoin price It remains above $103,000. Meanwhile, other altcoins continue to edge higher; some of them have already surged significantly. Solana Prices surged above $235 in a short period of time, while Ethereum price Remaining consolidating below $3,300, XRP price continues to trade in an upward trend. On the other hand, newly launched coins are also creating a huge buzz in the market, suggesting that a massive price move may be on the horizon.
In an interesting update, the next President of the United States, Donald Trump, has officially launched the meme coin TRUMP on Solana. Meanwhile, there was speculation that the account might have been compromised, but no further updates were provided even hours after posting. On the other hand, Solana’s 24-hour DEX trading volume surged to over $7 billion, setting a new all-time high.
Meanwhile, Trump’s market capitalization exceeded $15 billion in just 4 hours, hinting that huge liquidity is waiting to be deployed. Therefore, in the coming weeks, expect to see the entry of other popular coins as well. Currently, the token has absorbed all the liquidity and it is believed that this will not last long. Is this tip necessarily a good time to accumulate altcoins?
Since the launch of TRUMP, the price has surged along with SOL price, but other popular altcoins like BTC, ETH, XRP and other major coins have plummeted. That could mean traders selling their long-held stocks to buy Trump. Will this ultimately be beneficial to market participants?
TRUMP price surged over 120%, entering the top 50 cryptocurrencies with a market capitalization of approximately $2.86 billion. While the memecoin space has been derided by many for its lack of foundation, it has now been validated by one of the most popular. Furthermore, it’s a testament to the unstoppable power of memes and community-driven assets in Web 3. While some believe this is a short-term rebound, others believe there is more to come. Therefore, the upcoming weekend may be important in determining liquidity within the market.
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