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.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Popular

Wall Street Enters Its Strongest Month: These 7 Stocks Often Crush It

November is historically Wall Street's strongest month. These 7 stocks often delivered standout gains in recent decades.

Shaquille O'Neal's $180,000 Range Rover Stolen in Suspected Hacker Heist

The custom Range Rover belonging to Shaquille O'Neal has been stolen, reportedly due to a cyber attack.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

NEW YORK (AP) — It’s a tough time for the .

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Kevin O'Leary Said His Mom's Secret 55-Year-Old Investment Portfolio Outperformed Most Hedge Funds—He Decided Then, 'That's How I'm Going To Invest'

Shark Tank's Kevin O'Leary revealed how his mother's disciplined, 55-year investment strategy of diversification and long-term thinking shaped his own approach to building and preserving wealth.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Denny's to be acquired and taken private in a deal valued at $620 million

Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private.

ON Semiconductor, Williams Companies And 3 Stocks To Watch Heading Into Monday

Key stocks to watch include Williams Companies, Spirit AeroSystems, Goodyear Tire & Rubber, IDEXX Laboratories, and ON Semiconductor

Is Big Pharma's Next Target Already in Play?

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

Bloom Energy Stock Surges Nearly 17% In Wednesday Pre-Market: What's Going On?

Shares of Bloom Energy Corp soared 18.68% in pre-market trading on Wednesday as third-quarter results surpassed analyst estimates.

Nation's largest fleet of police Cybertrucks to patrol Las Vegas

LAS VEGAS (AP) — The nation's largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November thanks to a donation from a U.S. tech billionaire, raising concerns about the blurring of lines between public and private interests.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

IonQ Shares Are Trading Lower Monday: What's Going On?

IonQ shares were trading higher Monday but have since reversed and began trading lower.

Elon Musk's SpaceX Shakes Up Bitcoin Market With $133 Million Transfer

SpaceX, the space exploration company led by Elon Musk, has reportedly transferred over $133 million in Bitcoin (CRYPTO: BTC), causing a stir in the cryptocurrency market.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Donald Trump Faces 'No Kings Day' Protests As Millions March Nationwide, GOP Stays Silent Amid Authoritarianism Claims

Millions rallied nationwide against Trump, with top lawmakers supporting protests and condemning Trump's consolidation of power.

How To Earn $500 A Month From UnitedHealth Group Stock Ahead Of Q3 Earnings

UNH to release Q3 earnings before opening bell on Tuesday. Analysts predict $2.81/share, down from $7.15/share in 2019. Dividend yield at 2.44%.

From Ore to Gold Bars-This Nevada Mine Is Already Producing

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

Sawyer Merritt Threatens To Move Assets If Charles Schwab Votes Against Elon Musk's Tesla Pay Package: 'I Can't In Good Conscience...'

Sawyer Merritt criticizes Charles Schwab for voting against Musk's $1 trillion pay package, threatening to move assets.

What's Going On With Archer-Daniels-Midland Today?

ADM edges higher after a Q3 EPS beat, revenue miss, mixed segment results, and a lowered 2025 profit outlook.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

Bitcoin's Bull Run Is Now At The Fed's Mercy: Here's What That Means

Liquidity shifts from the Federal Reserve could determine whether Bitcoin (CRYPTO: BTC) reverses its downtrend or enters a 2019-style correction.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

U.S. Defense Secretary Hegseth agrees with Trump's order to prepare for action in Nigeria to stop the killing of Christians by Islamist militants.

China and ASEAN sign expanded free trade pact

KUALA LUMPUR, Malaysia (AP) — China signed an expanded version of a free trade agreement with the as both face increased protectionism from the United States, and Chinese Premier Li Qiang emphasized his country's close ties with the region.

A Tiny Biotech Just Posted 10× Stronger Cancer Results

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

Trump White House Clamps Down on Press Access

White House restricts reporter access to West Wing Room 140; NSC cites sensitive material, echoing Pentagon curbs, raising press concerns.

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

Dogecoin's $0.21 Problem: Why This Analyst Says Keep It On Your Radar

On Monday, social media influencer Ali Martinez, known popularly on X as Ali, drew the attention of the crypto community to an important resistance level for Dogecoin (CRYPTO: DOGE).

Microsoft's quarterly sales and profit surge, beating Wall Street expectations

REDMOND, Wash. (AP) — Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Billie Eilish Asks Zuckerbeg, Other Billionaires To Donate

Billie Eilish urges billionaires to share their wealth for good causes during award acceptance speech. Mark Zuckerberg in attendance.

Why Did Dragonfly Energy Shares Jump Over 6% After Hours?

Dragonfly Energy Holdings' stock climbed 6.73% after hours to $1.42 following its public offering and strategic updates.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Teradyne, Wayfair, And Illumina Are Among the Top 10 Large-Cap Gainers Last Week (Oct. 27-Oct. 31): Are the Others in Your Portfolio?

Top weekly large-cap gainers included Teradyne, Wayfair, Illumina, Guardant Health, ASE, C.H. Robinson, Lumen, Symbotic, Credo, YPF after strong results.

Trending Now

Marjorie Taylor Greene Buys 6 Stocks: Buffett, Health Care — And This Magnificent 7 Stock

IRS Direct File won't be available next year. Here's what that means for taxpayers

Is Big Pharma's Next Target Already in Play? - Ad

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

Elon Musk Calls Out Sam Altman Over Tesla Roadster Refund: 'This Issue Was Fixed and You Received a Refund Within 24 Hours'

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Trump Warns Supreme Court Tariff Ruling Could 'Literally Destroy' The US: 'We'll Be Struggling For Years'

Social Security Faces Insolvency In 7 Years — Committee Proposes COLA Cap For Wealthier Retirees

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

After winning Trump's $20 billion, President Milei must win votes as Argentine industry reels

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Ford's enormous F-150 becomes unlikely part of Japan's efforts to woo Trump

Energy Fuels (UUUU) Stock Is Rising Tuesday: What's Fueling The Surge?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Nvidia, TSMC Unveil The First US-Made Blackwell Wafer, But Analyst Ming-Chi Kuo Flags This Overlooked Detail

Dave Ramsey Reveals Why Millionaires Crush Mortgages Early

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

XRP Down 4%: Why $2.30 Is The Last Defense Before A Flush To $1.60

Loggins demands removal of Trump's AI-generated video using ‘Danger Zone’

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

Stock Market Today: S&P 500, Nasdaq, Dow Jones Futures Rise— Micron, Bitmine, Coinbase In Focus

Meta Deepens Clean Energy Pact With ENGIE

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

President Trump returns to '60 Minutes' for first time after settling lawsuit against newsmagazine

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

The Tesla Shock Nobody Sees Coming - Ad

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Edmunds compares the new BMW X3 and Mercedes-Benz GLC

Is Big Pharma's Next Target Already in Play? - Ad

Texas Instruments Stock Is Tumbling Today: Here's Why

Microsoft to ship 60,000 Nvidia AI chips to UAE under US-approved deal

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

IonQ, D-Wave Quantum, Rigetti Computing Surge Over 11% Pre-Market: What's Going On?

Samsung reports 32% rise in operating profit, predicts continued AI-related growth

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Palantir, Kimberly-Clark, Hims & Hers, Navitas And Cipher Mining: Why These 5 Stocks Are On Investors' Radars Today

Bitcoin, Ethereum, XRP, Dogecoin Fall As 'Fear' Sentiment Persists: Analyst Says BTC Will Be In 'Good Territory' For New High In November If...

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

L3Harris Lands $2.26 Billion South Korea Air Defense Contract

Some Head Start preschools shutter as government shutdown continues

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Elon Musk Claps Back At Hefty Pay Critics: 'Which Of Those CEOs Would You Like To Run Tesla?' — Company Worth More Than All Other Automakers Combined

S&P Global Boosts Outlook As CEO Hails Exceptional Growth

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Nigerian billionaire plans expansion of Africa's biggest oil refinery

Nvidia Termed 'Undervalued' By Masayoshi Son Last Year, Now Worth $5 Trillion: Here Is What Japanese Billionaire Investor Said About Ongoing AI Hype

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.