Wednesday, July 30, 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

Why is Solana Up? Blockchain Activity Soars Following TRUMP Memecoin Launch

25 January 2025
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


Cryptocurrency Solana (SOL) skilled an astonishing
surge in its stablecoin market, pushed by an unlikely catalyst, TRUMP, a
memecoin tied to former U.S. President Donald Trump.

This meme-driven frenzy has propelled Solana’s whole
stablecoin provide to an unprecedented $10 billion, doubling in only a few
weeks. Because the TRUMP coin gained traction on Solana’s decentralized exchanges
(DEX), it sparked a wave of liquidity inflows, Coindesk reported.

Solana Stablecoin Market

Solana, a high-speed blockchain identified for its low-cost
transactions, has lately grow to be the point of interest of an enormous enhance in
stablecoin liquidity.

Information from Artemis Terminal exhibits that Solana’s whole
stablecoin provide has skyrocketed to $10.5 billion, marking a twofold enhance
because the begin of January. Main the cost is Circle’s USDC, which skilled
its circulation surpassing $8 billion, including over $4 billion in simply this month
alone.

In the meantime, Tether’s USDT provide reportedly greater than
doubled, reaching $2 billion from a mere $917 million. Stablecoins like USDC
and USDT are important to the cryptocurrency ecosystem, offering liquidity for
buying and selling on decentralized platforms.

With these tokens now flowing in higher volumes,
Solana’s blockchain has grow to be a thriving hub for crypto buying and selling. The tipping
level for this meteoric rise got here with the January 17 launch of TRUMP coin, a
memecoin tied to Donald Trump, on Solana’s decentralized change Meteora.

Affect of TRUMP Memecoin

Whereas it initially traded in opposition to USDC, the joy
across the token rapidly translated into large demand for Solana’s
stablecoin. The TRUMP coin’s introduction got here at a time when
Solana’s ecosystem was already seeing heightened exercise following
crypto-friendly developments.

Nevertheless, the memecoin created a frenzy of its personal,
igniting file buying and selling volumes throughout DEXs and pushing Solana into the
limelight. Because of this enhance in on-chain buying and selling exercise,
Solana-based decentralized exchanges set a brand new every day quantity file of $25
billion.

This represents 74% of the entire DEX buying and selling quantity
throughout all blockchains, a big milestone for the community. The surge in exercise additionally prolonged to Solana’s native
token, SOL, which outperformed the broader market with a 20% achieve, far
outpacing Bitcoin’s 2% rise.

This text was written by Jared Kirui at www.financemagnates.com.



Source link

Tags: activityBlockchainLaunchmemecoinSoarsSolanaTrump
Previous Post

Shiba Inu price prediction: Analysts predict 10x for SHIB, but this AI competitor could see much bigger returns as whale activity spikes – CoinJournal

Next Post

9 Biggest Games Launching on Ethereum Layer-2 Network Abstract – Decrypt

Related Posts

WEEX Review: The Detailed Crypto Exchange Analysis in 2025
Crypto Updates

WEEX Review: The Detailed Crypto Exchange Analysis in 2025

30 July 2025
Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com
Crypto Updates

Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

30 July 2025
No Charges for $2.9M Token Transfer, Rules German Court
Crypto Updates

No Charges for $2.9M Token Transfer, Rules German Court

30 July 2025
Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape
Crypto Updates

Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape

30 July 2025
Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News
Crypto Updates

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com
Crypto Updates

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
Next Post
9 Biggest Games Launching on Ethereum Layer-2 Network Abstract – Decrypt

9 Biggest Games Launching on Ethereum Layer-2 Network Abstract - Decrypt

Tribeca galleries damaged in two-alarm fire

Tribeca galleries damaged in two-alarm fire

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
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
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
Bitwise CIO: Crypto Solves TradFi’s ‘Boxed-In’ Thinking – Crypto News Bitcoin News

Bitwise CIO: Crypto Solves TradFi’s ‘Boxed-In’ Thinking – Crypto News Bitcoin News

30 July 2025
Low-Cap Altcoin Erupts Following As Coinbase Adds Support for Under-The-Radar Crypto Project – The Daily Hodl

Low-Cap Altcoin Erupts Following As Coinbase Adds Support for Under-The-Radar Crypto Project – The Daily Hodl

30 July 2025
WEEX Review: The Detailed Crypto Exchange Analysis in 2025

WEEX Review: The Detailed Crypto Exchange Analysis in 2025

30 July 2025
Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

30 July 2025
7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

30 July 2025
Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

30 July 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)$117,332.00-0.23%
  • ethereumEthereum(ETH)$3,762.61-0.40%
  • rippleXRP(XRP)$3.07-1.37%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$787.12-1.91%
  • solanaSolana(SOL)$175.79-2.99%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,755.97-0.44%
  • dogecoinDogecoin(DOGE)$0.216879-2.47%
  • tronTRON(TRX)$0.327009-2.93%