Donald Trump launched a memecoin, resulting in a huge spike in trading demand for cryptocurrencies. The Solana network experienced a significant increase in trading volume, processing $39 billion in DEX trading volume in one day. However, the memecoin's value quickly dropped by 40%, leading to skepticism about its purpose. One notable development is the surge in Solana's stablecoin supply, increasing by $3.5 billion in just three days. This influx of stablecoins can have longer-term implications and provide liquidity for various purposes such as remittances and payments. While the TRUMP memecoin may be seen as a cash grab, it could still have positive effects on Solana.



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