Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump.

Despite the competitive memecoin market, the “Official Trump” (TRUMP) token quickly reached a $6.9 billion market capitalization. It was immediately listed on major exchanges, including Bybit, Bitget, and KuCoin. The memecoin launched with 200 million tokens in circulation and a total supply of up to 1 billion, with 80% allocated to the issuers.

Explore why investors are riding the iDEGEN wave amid the ongoing demand for meme coins like Donald Trump's TRUMP

Solana price surged by 14% amid reports of Donald Trump exploring a crypto strategic reserve, focusing on US-originated digital assets.

Crypto traders are raking in millions following the launch of TRUMP, a Solana-based memecoin introduced by President-elect Donald Trump. Announced on Jan. 17, just days ahead of his inauguration as the 47th president of the United States,

Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.

Top-performing xrp (XRP) and Ethereum’s ETH saw profit taking early Saturday as a Donald Trump-themed “official” memecoin attracted $3 billion in its first few hours after being issued on the Solana network,

Solana, the fourth-largest cryptocurrency by market cap excluding stablecoins, experienced a significant price surge on Saturday. According to Coin Metrics, the price of SOL increased by more than 12%,