The total supply of stablecoins on Solana (SOL) has jumped by more than 73% since mid-January, driven by a surge in network activity following the launch of President Donald Trump’s memecoin. According to a Jan.

TRUMP's price and trading volume have both fallen dramatically, but President Trump's Solana meme coin still has ardent backers.

Donald Trump has ventured further into the crypto world with the launch of Official Trump (TRUMP), a Solana-based meme coin. Announced just days before his second-term inauguration, the TRUMP token blends meme culture, politics, and blockchain into one eye-catching package.

President Donald Trump’s surprise memecoin launches sent Pump.fun’s trading volume into overdrive, smashing the $3 billion weekly mark. Tokens from Solana memecoin launchpad Pump.fun recorded an all-time high of $3.3 billion in weekly trading volume, fueled by a torrent of President Donald Trump-themed memecoins.

Donald Trump’s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem. Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.

Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.

The team behind the official memecoin TRUMP has shown solid backing for the Solana (SOL) blockchain through significant acquisitions of one of the market’s largest altcoin.

The memecoin, officially named Official Trump (TRUMP), was launched on January 18, with an additional token, Official Melania (MELANIA), debuting the following day on the Solana network. These launches occurred just ahead of Trump's presidential inauguration on January 20.

While Circle's USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.

The global cryptocurrency market is currently in a bullish phase, with a 1.68% rise, increasing its total market capitalization to $3.69 trillion. Amid this

Separately, shares of Trump’s other publicly traded eponymous entity, Trump Media & Technology Group, dropped more than 10% in the first day of trading following Trump’s inauguration.

Errol Musk, father of billionaire entrepreneur Elon Musk, has become the latest figure to jump into the meme coin frenzy.