Solana memecoins have just "exploded again" with a growth of 10.8% at the time of writing. This growth has attracted a massive investment of up to 962 million USD into SOL memecoins.
The main reason for the strong growth of the Solana memecoin market is the "big star" US President Donald Trump! On Monday, Trump reaffirmed his support for the TRUMP token, calling it the "best of all". Immediately, prominent tokens in the ecosystem such as Fartcoin, A16Z, and TRUMP grew rapidly and became the most searched coins.
The growth of Solana Memecoins quickly surpassed Bitcoin and other major Altcoins. Bitcoin only increased by nearly 4% and faced resistance at the $89,000 price level, while Solana's memecoin had a very dynamic pump, with many tokens rising more than 20% in the past 7 days.
According to Coingecko data, in just one day, the total value of memecoins on Solana jumped to over 8.3 billion USD, an increase of nearly 1 billion USD in just one day. However, you probably remember the controversy related to the Rug Pull of an Argentine memecoin called Libra. This incident made many people fear that Trump would "turn his back" on his token, and in fact, the price of TRUMP and MELANIA tokens dropped by 80% from their highest levels.
In a post on Truth Social on Monday, Trump reaffirmed his support for his token, causing the Solana memecoin market to rise like a wolf returning from the darkness. Immediately, top meme tokens in the ecosystem such as Fartcoin, a16z, and TRUMP pumped strongly recently and continuously became the most searched on platforms like Coingecko, Coinmarketcap, ...
The crypto market is always like this, "quality goods" sometimes come from the most unexpected moments. However, you should also be careful about good information after the token prices have run like this, because sometimes it can be a double-edged sword that makes us lose everything we have, so be cautious about everything!
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