Solana Soars On Trump MemeCoin...Bitcoin is weak.

2025.01.19. AM 09:09
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With Bitcoin, the virtual currency leader, weak, Solana, the fourth-largest market cap, soared nearly 20% thanks to "meme coins," a fun-purpose cryptocurrency reflecting the online trend.

On the U.S. cryptocurrency exchange Coinbase, the price per bitcoin was trading at $104,023, down 0.27% from 24 hours ago as of 1:52 p.m. ET.

Ethereum was down 4.42% at $3,257, Ripple was down 0.35% at $3.18 and Dogecoin was also down 4.92% at $0.39, but Solana soared 17.84% to $253, approaching its all-time high.

Recently, the price of Solana soared as the meme coin "Official Trump," which was issued by U.S. President-elect Trump, calling it "the only official Trump meme," was issued based on the Solana blockchain network.

{Official Trump' coin surged 350% to trade at $28.36, attracting more than $5 billion overnight, making it the biggest meme coin on the Solana network.

The 25th deadline for U.S. asset managers such as Bitwise and VanEck to decide on applying for an exchange-traded fund (ETF) that follows Solana prices is also believed to have affected the price increase.



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