{"id":8416,"date":"2025-01-18T17:01:36","date_gmt":"2025-01-18T17:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8416"},"modified":"2025-01-18T17:01:36","modified_gmt":"2025-01-18T17:01:36","slug":"breaking-records-solana-reaches-new-all-time-high-of-270-is-trumps-influence-to-blame","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8416","title":{"rendered":"Breaking Records: Solana Reaches New All-Time High Of $270\u2014Is Trump\u2019s Influence To Blame?"},"content":{"rendered":"
\n

As anticipation builds around President-elect Donald Trump\u2019s inaugural address on January 20, the broader cryptocurrency market has witnessed a significant rally, with Solana (SOL) hitting a new all-time high of over $270 on Saturday.\u00a0<\/p>\n

Solana Surges Past $270 Amid Record TVL\u00a0<\/h2>\n

In a striking 24-hour period, Solana surged more than 25%, briefly reaching $270.21 before retracting to around its current trading price of $252 per token.<\/p>\n

Underlying this impressive price movement is a noteworthy development: Solana\u2019s Total Value Locked (TVL) has also reached a record high.\u00a0<\/p>\n

Data <\/a>from DeFiLlama indicates that Solana\u2019s TVL hit $10.33 billion, surpassing its previous all-time high of $10.027 billion set in November 2021.\u00a0<\/p>\n

\"Solana\"<\/p>\n

A key factor in this phenomenon appears to be the launch <\/a>of a new memecoin, dubbed \u2018Official Trump (TRUMP),\u2019 which was announced by Trump in a post on Truth Social late Friday.\u00a0<\/p>\n

The cryptocurrency was introduced to celebrate his electoral win and upcoming inauguration. As a result, the price of TRUMP skyrocketed by over 300%, reaching just below $29 and achieving a market capitalization of $5.81 billion.<\/p>\n

TRUMP Memecoin\u2019s Impact On SOL<\/h2>\n

Developed <\/a>on the Solana blockchain, the TRUMP token has a limited supply of 200 million coins at launch, with plans to gradually expand to a total of 1 billion coins over the next three years.\u00a0<\/p>\n

Ownership of the remaining 80% of the tokens, which have yet to be released, is held by the Trump Organization\u2019s affiliate, CIC Digital LLC, and Fight Fight Fight LLC\u2014a Delaware-based company formed shortly after the election.\u00a0<\/p>\n

In addition to the excitement surrounding the TRUMP token, other positive developments have contributed to SOL\u2019s upward momentum.\u00a0<\/p>\n

The anticipated launch of Solana spot exchange-traded funds (ETFs) and its inclusion in the US strategic reserve assets are generating buzz among investors.<\/p>\n

Featured image from DALL-E, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As anticipation builds around President-elect Donald Trump\u2019s inaugural address on January 20, the broader cryptocurrency market has witnessed a significant rally, with Solana (SOL) hitting a new all-time high of over $270 on Saturday.\u00a0 Solana Surges Past $270 Amid Record TVL\u00a0 In a striking 24-hour period, Solana surged more than 25%, briefly reaching $270.21 before […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8416","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8416"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8416\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}