Solana Skyrockets, Sees 15% Surge Following Launch Of Trump-Themed Meme Coin

Bibhu Pattnaik

January 18, 2025

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, according to CoinGecko.

Trump himself, and entities directly connected to him, have earned as much as $25 billion from the offering, according to Axios.

This development is timed ahead of Trump’s inauguration on Monday, which is anticipated to usher in a new era of innovation and productivity in the crypto industry. It also coincides with the conclusion of Gary Gensler‘s term as chairman of the Securities and Exchange Commission.

Also Read: ‘Official Trump’ Memecoin Jumps Over 260% Ahead Of President-Elect’s White House Inauguration

Solana, the fourth-largest cryptocurrency by market cap, was established in 2020 as a quicker and more affordable alternative to Ethereum (CRYPTO: ETH). It hosts popular meme coins like dogwifhat and Pudgy Penguins, in addition to decentralized finance (DeFi) and gaming projects.

The decision deadline for potential ETFs from Bitwise, VanEck, 21Shares, and Canary is January 25. ProShares also filed for four different ETFs based on SOL on Friday.

Why It Matters: The introduction of the Trump-themed memecoin and its subsequent success highlights the growing influence of political figures on the cryptocurrency market.

The surge in Solana’s value following the meme coin’s launch underscores the potential of such themed coins to drive market trends. With the end of Gensler’s term, the crypto industry is poised for potential regulatory changes that could further impact the market dynamics.

A $19 Secret to Potentially Life-Changing Gains - Ad

Breaking: Elon and Doge's Big AI Announcement - Ad

Big Tech Is Barreling Toward a $17 Trillion Reckoning - Ad

Popular

UK fears environmental damage after ships' collision in the North Sea

LONDON (AP) — U.K. officials were concerned about possible environmental damage Tuesday and looking for answers a day after a cargo ship off eastern England, setting both vessels ablaze.

Kroger Chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.

Consumer Confidence Nosedives -- Feb Data Confirms Worst AI Fears

Consumer Confidence Nosedives -- Feb Data Confirms Worst AI Fears - Ad

The latest economics numbers just came in, and they're disturbing to say the least! But there's something bigger happening...That's exactly why Dr. Martin D. Weiss, Founder of Weiss Ratings, has outlined 4 critical steps you need to take now before it's too late. The window of opportunity here is very short.

Mark Cuban Warns Elon Musk Is Making Trump's Job '1,000 Times Harder'

Elon Musk, who is leading the charge at the Department of Government Efficiency, has received a warning from Mark Cuban.

One Tech Tip: Getting a lot of unwanted phone calls? Here are ways to stop them

LONDON (AP) — Unwanted phone calls are out of control. Whether it's a robocall trying to sell you something or spam calls from scammers trying to rip you off, it's enough to make you want to stop answering your phone. So what can you do to stop them?

"Boring Trade" Generates $185 Every Day. Like Clockwork.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

VP Vance Slams Pro-Ukraine Protesters for Confronting Him With His Daughter: 'Chasing a Three-Year-Old for Politics'

Vice President Vance recently found himself confronted by a group of pro-Ukraine protestors while out with his young daughter in Ohio.

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

Warning: China Launches AI Attack on America

Warning: China Launches AI Attack on America - Ad

China just launched what can only be described as an AI attack on America. And according to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... President Trump is already planning a counter attack. And it's creating an incredible opportunity for you in this small group of AI stocks.

Elon Musk's xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion

Elon Musk's xAI has acquired a 1-million-square-foot property in Memphis to expand its Colossus supercomputer.

Apple's AI Crisis: Falling Behind In The AI Race?

Apple is grappling with an artificial intelligence (AI) crisis, as its rivals, including Amazon, surge ahead in the AI technology race.

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free)

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free) - Ad

The stock revealed right here just may be millionaire trader Jeff Clark's favorite stock ever. Because this one stock alone has been responsible for some of the biggest gains he's ever handed my readers... 195% in under a month... 85% in 14 days... 176% in 5 weeks... 120% in under 3 months... 55% in two days... 138% in 8 days... And even 222% in 8 days.

Apple's AR Glasses Approach Aside, Google Makes Its Move On Eye-Tracking Tech With $115 Million AdHawk Acquisition: Report

As Apple reportedly reconsiders its AR glasses strategy, Google is moving forward with a $115 million acquisition of eye-tracking startup AdHawk to bolster its next-gen smart glasses efforts.

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

The $240M AI Disruptor

The $240M AI Disruptor - Ad

This Nasdaq-listed company is redefining AI in the $124 billion smart glass market. From cockpit shading systems to energy-efficient building glass, their technology powers global leaders like Boeing, Mercedes-Benz, and National Geographic. Their projected $240M revenue from aerospace positions them as an AI-driven market disruptor you can't ignore.

California Highway Patrol blames drug use, speeding for fiery Cybertruck crash that killed 3

PIEDMONT, Calif. (AP) — Drug use and excessive speed were to blame for last year's fiery crash of a near San Francisco, the California Highway Patrol said in a preliminary report.

Europe-Based UCB's Bimzelx Data Reveals Sustained Skin Clearance In Inflammatory Skin Disorders

UCB's Bimzelx shows sustained efficacy in psoriasis and hidradenitis suppurativa, with high skin clearance rates and improved symptoms over long-term trials.

Wall Street Legend: Why Stocks Are Very Likely to Crash in Trump's 2nd Year

Wall Street Legend: Why Stocks Are Very Likely to Crash in Trump's 2nd Year - Ad

Legendary investor Marc Chaikin says stocks could crash in 2026--he's even calling the exact month and most likely day it will start. No one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. And now, Chaikin is calling the crash of 2026.

Apple Delays Next-Gen Siri: 'It's Going To Take Us Longer Than We Thought' To Deliver AI Upgrades

Apple has delayed its next-gen Siri upgrade, citing the need for more development time, while internal reports suggest significant issues could push the AI-powered features back until iOS 20 or later.

This 'Dune' isn't fiction. It's the longest conveyer belt in the US and moving sand in Texas

KERMIT, Texas (AP) — It's longer than the width of Rhode Island, snakes across the oil fields of the southwest U.S. and crawls at 10 mph – too slow for a truck and too long for a train.

Trump Announces Revenge on Biden

Trump Announces Revenge on Biden - Ad

A former CIA insider just made a stunning prediction: Trump's revenge on Biden will end America's energy crisis forever? Getting in on a Trump-endorsed new energy tech could potentially turn $4K into $106,000 in just 6-12 months.

Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace

President Donald Trump is contemplating imposing extensive sanctions and tariffs on Russia. This move aims to pressure Russia into a peace agreement in the ongoing conflict with Ukraine.

Senate set to vote on approving Lori Chavez-DeRemer as Trump's labor secretary

The Senate is scheduled to vote Monday on whether to confirm as U.S. labor secretary, a Cabinet position that would put her in charge of enforcing federally mandated worker rights and protections at a time when the White House is trying to .

Are you owed an extra $2,105 a month in extra cash?

Are you owed an extra $2,105 a month in extra cash? - Ad

A little-known "loophole" has allowed a handful of regular Americans to legally collect over $109,200,000 in bonus cash. And today's your chance to join them. It doesn't matter how old you are or even how much money you make. And my research shows there's no way you can be denied from taking part in this opportunity.

Here's what tariffs are and how they work

WASHINGTON (AP) — Tariffs are in the news at the moment. Here's what they are and what you need to know about them:

Zelenskyy Says 'Not Sure' He Did Something Bad After Public Spat With Trump, JD Vance: 'We Have To Be Very Honest And Direct'

Ukrainian President Volodymyr Zelenskyy expressed optimism about mending ties between the two leaders, despite the incident.

Elon's Masterplan

Elon's Masterplan - Ad

The media have no idea why he's really seized control of the federal government...But I've spent 25 years connecting the dots no one else can see -- and Musk's true motives will soon shock almost everyone: Named in this video: the #1 investment to make before May 30 -- when this story is all over the financial media.

Oregon police investigate nighttime gunshots that shattered windows at a Tesla dealership

PORTLAND, Ore. (AP) — Police in Oregon said Thursday they are working with the FBI to investigate gunshots fired at a Tesla dealership overnight in the latest instance of vandalism at one of the company's retail stores.

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

Trump Could Make Surprising Tech Announcement Any Day

Trump Could Make Surprising Tech Announcement Any Day - Ad

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

What's Going On With IonQ Stock Today?

IonQ shares are down amid broader tech sector weakness, despite recent breakthroughs in quantum computing and participation at SXSW.

TSMC Rides AI Wave: Sales Surge 39% In First 2 Months Of 2025 On Higher Demand

Taiwan Semiconductor Mfg. Co. Ltd. reported a 39.2% jump in its two-month revenue for January and February in 2025 as compared to last year.

The $20 Trillion Secret of Room 3330

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Liverpool switches back to Adidas from Nike for next season

LIVERPOOL, England (AP) — Premier League leader is reuniting with Adidas as its uniform supplier for the first time in 13 years, starting from next season.

Trump-Announced Strategic Bitcoin Reserve To Allow Buying Additional BTC? Peter Schiff Doesn't Think So But Here's What The Order Says

President Donald Trump's executive order establishing a Strategic Bitcoin (CRYPTO: BTC) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement.

Warning: "The 2025 Tech Meltdown"

Warning: "The 2025 Tech Meltdown" - Ad

One of the biggest stock market events in 25 years is rapidly unfolding...The chaos is set to begin on May 21st. This is why the world's financial elite are panic-selling stocks at the fastest rate in a decade. So, will you be ready for what's coming?

Cardano, XRP, Solana Drop As White House Clarifies Trump's Crypto Reserve Plan

Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President

Salesforce Is Trading Below 200-DMA, But Goldman Sachs Sees Huge Stock Upside After Agentforce 2dx Unveil

Goldman Sachs analyst reiterates Buy on Salesforce with $400 PT. Positive on AI roadmap and growth potential, could yield early AI monetization.

Buffett, Bezos, and Congress Are Betting Big on This One Sector

Buffett, Bezos, and Congress Are Betting Big on This One Sector - Ad

This corner of the market is NOT artificial intelligence... Crypto... or any other familiar sector or strategy. Instead...It's a sector that the U.S. Gov't spends 6-TIMES more on, than our own ENTIRE military defense budget. Don't let recent market uncertainty keep you in the dark on this massive opportunity.

Elon Musk's xAI Expands, Apple Delays Siri, Meta's AI Assistant May Get Paid Subscriptions, And More: This Week In AI

Whirlwind of tech activity with AI in focus: Elon Musk's xAI expands, Apple delays Siri upgrade, Meta may add subscriptions & ads, Palantir delivers AI-powered battle stations, Ex-Google CEO warns against global race for superintelligent AI.

Trending Now