{"id":8483,"date":"2025-01-19T09:02:29","date_gmt":"2025-01-19T09:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8483"},"modified":"2025-01-19T09:02:29","modified_gmt":"2025-01-19T09:02:29","slug":"solana-hits-275-lifetime-peak-as-official-trump-memecoin-surges-to-8b","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8483","title":{"rendered":"Solana Hits $275 Lifetime Peak as Official Trump Memecoin Surges to $8B"},"content":{"rendered":"<div>\n<p>Donald Trump\u2019s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem nearly overnight.<\/p>\n<\/p>\n<p>Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain\u2019s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his \u201cofficial\u201d memecoin.<\/p>\n<\/p>\n<p>The choice of Solana as an issuance network bumped demand and sentiment for SOL tokens, as <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/18\/xrp-ether-dive-as-trump-memecoin-bumps-solana-9-higher\" target=\"_blank\">CoinDesk reported<\/a> Saturday.<\/p>\n<\/p>\n<p>SOL trading volumes have rocketed from Thursday\u2019s $3 billion to over $26 billion in the past 24 hours, with Saturday\u2019s moves bringing weekly gains to over 46%.<\/p>\n<\/p>\n<p>That\u2019s a nearly 3,000% surge since three-year lows of $9 in December 2022 following the implosion of crypto exchange FTX and prominent backer Sam Bankman-Fried, which dented sentiment for Solana at the time.<\/p>\n<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/23b2b812462545009f7be97ac0678b8fa78c9671-1644x1200.png\" alt=\"\"><\/p>\n<p>Trump\u2019s official memecoin was issued in late U.S. hours Friday on the Solana blockchain by a team including ecosystem giants Jupiter and Meteora. Prices of Jupiter\u2019s JUP tokens are up 30% in the past 24 hours.<\/p>\n<\/p>\n<p>The token launch was co-ordinated by CIC Digital LLC &#8211; an affiliate of the Trump Organization, and the newly-formed company Fight Fight Fight LLC, <a href=\"https:\/\/www.bbc.com\/news\/articles\/c9vmym2jvy9o\" target=\"_blank\">per BBC<\/a>. The duo holds 80% of the tokens, subject to a vesting period of over three years, and it is unclear how much money Trump might make from the venture.<\/p>\n<\/p>\n<p>TRUMP prices rocketed from a few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or if someone had hacked Trump\u2019s account and issued a fake token.<\/p>\n<\/p>\n<p>It trades above $44 in Asian afternoon hours Sunday, grabbing listings on prominent exchanges Coinbase and Binance, as well as several futures products. It has become the third-largest memecoin by market capitalization behind dogecoin (DOGE) and shiba inu (SHIB), flipping pepecoin (PEPE).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem nearly overnight. Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain\u2019s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his \u201cofficial\u201d memecoin. The choice [&hellip;]<\/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-8483","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\/8483","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=8483"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8483\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}