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

Top-performing xrp (XRP) and Ethereum’s ETH saw profit taking early Saturday as a Donald Trump-themed “official” memecoin attracted $3 billion in its first few hours after being issued on the Solana network, driving demand for SOL tokens.

President-elect Donald Trump unveiled his personal memecoin, TRUMP, on the Solana blockchain. At its peak, TRUMP rallied by 6,695%, pushing its market cap to $12.52 billion on the charts. However, AMBCrypto’s analysis revealed that the token may soon see a short-term pullback or consolidation, before resuming its upward trajectory.

As Ondo Finance marks a milestone year in the Real World Asset (RWA) sector, the unlock of 1.94 billion ONDO governance tokens sparks debate. With the Official Trump Token launch drawing market liquidity the same day,

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.

Donald Trump has launched a new meme coin, according to posts from his X and Truth Social accounts last night. The posts, which have come just days before Trump’s inauguration, were initially met with suspicion by many that his accounts had been hacked.