In the wake of the launch of a meme coin themed to President-elect Donald Trump, the cryptocurrency Solana (CRYPTO: SOL) has surged 15% on Saturday.
What Happened: According to Coinmarketcap, the SOL token of Solana experienced a significant value increase following the launch of a Trump-themed meme coin on the Solana blockchain.
On Saturday, SOL’s price soared more than 15% to $254.71. The newly introduced meme coin, named “Official Trump” (CRYPTO: TRUMP), was unveiled on Trump’s social media accounts late Friday and has since garnered more than $5 billion, making it the largest meme coin on the Solana network, …
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