The Solana network is experiencing a surge in meme coin mania, driven by Donald Trump's election victory. This has led to a significant increase in user activity and demand for Solana's native coin, SOL. Meme coins such as Peanut (PNUT) and nomnom (NOMNOM) have seen substantial price growth, with PNUT's value increasing over 2,700% in the past two weeks. The growing trading activity has resulted in a rise in active addresses and daily transactions on the Solana network. Decentralized exchanges on Solana have also experienced a surge in activity, with transaction volumes surpassing $6 billion. SOL is trading just 6% below its all-time high of $260, and with sustained bullish sentiment, it could potentially reach and surpass that milestone. However, if selling pressure increases, the coin's value may dip to $205.99 or even lower.



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