The launch of the "official" memecoin of President-elect Donald Trump on the Solana network has caused a surge in interest and activity in Solana (SOL). The price and trading volume of SOL have increased, leading to the total dollar value locked (TVL) on the network reaching a new all-time high of $10 billion. The memecoin, called $TRUMP, is set to be listed on major cryptocurrency exchanges and has become the third-largest memecoin in terms of market capitalization. The launch of $TRUMP has also increased the chances of a Solana exchange-traded fund (ETF) being launched. The trading frenzy and influx of new users also present an opportunity for Solana to showcase its robustness and attract more inflows. Additionally, the launch of the memecoin signals a change in the U.S. government's stance towards the cryptocurrency sector.



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