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Crypto

Donald Trump Is Building On Solana

January 18, 2025
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x min read
Donald Trump Memecoin Solana
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Donald Trump is a big believer in something new: Solana.

‍What’s happening:‍

  • Donald Trump has officially launched his own meme coin which is built on the Solana blockchain

By the numbers:‍

  • Donald Trump’s meme coin TRUMP quickly soared to more than a $30B USD market capitalization, making it the single most successful launch of a digital asset ever
  • In the first 12 hours since launching, there were more than 450,000 individual holders of the token
  • As a consequence of enormous trading volumes for Donald Trump’s new meme coin, Solana saw more than $10B USD in trading volumes within 24 hours across decentralized exchanges which is a new all time record

Why it matters:‍

  • This is the first time ever that a incoming president of the United States of America has been directly associated with a digital asset and represents one of the largest paradigm shifts ever for the future of crypto in America

Going deeper:‍

The fine print:‍

  • It is unclear what the intentions are for Donald Trump’s meme coin and whether or not there will be any official plans publicly announced

‍

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