Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Solana Hits Record High Amid Memecoin Surge and Network Activity – Crypto-News.net

20 January 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Key Takeaways:

Solana’s SOL reached $293, with its market cap peaking at $142.54 billion.Memecoins $TRUMP and $MELANIA drove file community exercise, straining infrastructure.The surge highlights blockchain’s development, memecoin volatility, and cultural relevance.

Solana’s native token, SOL, reached a brand new all-time excessive of $293.79 over the weekend, with its market capitalization peaking at $142.54 billion. The surge was fueled by elevated exercise on the blockchain community, pushed by the launch of two high-profile memecoins, TRUMP and MELANIA.

Chart exhibiting $SOL hitting $293 on January 19. Supply: CoinGecko

Trump Memecoin Dominates the Market

Donald Trump launched his memecoin, $TRUMP, on the Solana blockchain on January 18, which rapidly gained traction. The token’s market capitalization surged to $9.2 billion, with buying and selling quantity exceeding $42.2 billion. Quickly after, Melania Trump launched $MELANIA, which reached a market cap of over $7 billion. The tokens sparked widespread curiosity, considerably contributing to Solana’s community exercise over the weekend.

Excessive Demand Strains Solana’s Infrastructure

Phantom, a preferred pockets on the Solana blockchain, reported processing 8 million requests per minute throughout the peak exercise. The inflow induced non permanent transaction delays throughout the community, highlighting the challenges of scaling for high-demand durations.

Common crypto influencer, Ash Crypto corroborated this in a January 20 put up on X, highlighting that the Solana Community was congested as a result of memecoins’ surge, mirrored on Phantom and different wallets’ networks. In response, Solana’s builders assured customers that the community stays secure and that enhancements are underway to deal with future surges in exercise.

Transactions are touchdown a lot smoother now and all programs must be again to regular.

Regardless of all of the challenges, our customers swapped over $1.25B in quantity and made 10M transactions at the moment.

Large because of the @0xMert_/@heliuslabs and @ethanyish/@AlliumLabs groups for serving to us…

— Phantom (@phantom) January 20, 2025

Memecoins’ Market Traits and Broader Implications for Solana

The rise of $TRUMP and $MELANIA underscores the rising recognition of memecoins within the cryptocurrency market. These tokens, typically launched for enjoyable or satire, can obtain vital market valuations resulting from social media hype and speculative buying and selling.

Regardless of their unstable nature, memecoins have introduced elevated consideration to the Solana blockchain, showcasing its capability to deal with excessive transaction volumes at comparatively low prices.

Solana has established itself as a number one blockchain for decentralized finance (DeFi), nonfungible tokens (NFTs), and gaming. The current surge in exercise demonstrates the community’s potential to help high-traffic occasions and its resilience amid elevated demand.

As Solana’s ecosystem continues to develop, business specialists anticipate additional adoption of its blockchain infrastructure. Nonetheless, they warning customers in regards to the speculative nature of memecoins, urging due diligence earlier than investing.

The developments spotlight the evolving dynamics of the cryptocurrency market and the function of blockchain expertise in accommodating new developments. Each $TRUMP and $MELANIA have attracted international consideration, signaling a shift in how blockchain networks can intersect with mainstream cultural moments.



Source link

Tags: activityCryptoNews.nethighHitsmemecoinNetworkrecordSolanaSurge
Previous Post

Top NFT Collections – January 20, 2025

Next Post

Major market steadily moved higher in anticipation of the US government change this week. All eyes are on any unexpected executive orders coming out of the White House. Markets also focus on European macro data and top US companies reporting Q4 earnings, like Procter & Gamble, Netflix, Johnson & Johnson and American Express.

Related Posts

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’
Bitcoin

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News
Bitcoin

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis
Bitcoin

A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis

1 August 2025
NFT Marketplace Rarible Adds Support For Somnia NFTs
Bitcoin

NFT Marketplace Rarible Adds Support For Somnia NFTs

1 August 2025
Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near
Bitcoin

Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near

1 August 2025
JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions
Bitcoin

JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions

1 August 2025
Next Post
Major market steadily moved higher in anticipation of the US government change this week. All eyes are on any unexpected executive orders coming out of the White House. Markets also focus on European macro data and top US companies reporting Q4 earnings, like Procter & Gamble, Netflix, Johnson & Johnson and American Express.

Major market steadily moved higher in anticipation of the US government change this week. All eyes are on any unexpected executive orders coming out of the White House. Markets also focus on European macro data and top US companies reporting Q4 earnings, like Procter & Gamble, Netflix, Johnson & Johnson and American Express.

Ethereum Forms A Bullish Continuation Pattern, An Upsurge To New Heights Ahead? | Bitcoinist.com

Ethereum Forms A Bullish Continuation Pattern, An Upsurge To New Heights Ahead? | Bitcoinist.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
In the new documentary Architecton, buildings collapse and stones dance

In the new documentary Architecton, buildings collapse and stones dance

1 August 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
Justin Drake Introduces “Lean Ethereum” Proposal

Justin Drake Introduces “Lean Ethereum” Proposal

1 August 2025
Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,271.00-2.38%
  • ethereumEthereum(ETH)$3,617.78-4.10%
  • rippleXRP(XRP)$3.03-1.71%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$764.29-3.41%
  • solanaSolana(SOL)$168.15-4.36%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,608.25-4.25%
  • dogecoinDogecoin(DOGE)$0.208522-3.28%
  • tronTRON(TRX)$0.3271730.02%