US President Donald Trump and his wife Melania have launched their own tokens on the Solana blockchain. The launch of these memecoins has caused the price of Solana (SOL) to hit a new record high of $300. Recent positive developments on Solana and a block trade on Deribit are showing expectations for the SOL price to rise to $400 by the end of February. The block trade, which was executed on Jan. 20, indicates that institutional investors expect increased demand for Solana and believe it will perform well under Donald Trump's presidency. Currently, Solana is trading at $256.



Other News from Today