**Solana Records All-Time High of US$270 after TRUMP Memecoin Soars**
Solana (SOL) has just recorded a new all-time high (ATH) of US$270 on Saturday (18/01). The increase was driven ahead of the inauguration of US President Donald Trump on January 20, and the launch of TRUMP Memecoin which has a trading volume of US$11.07 billion.
The success of TRUMP coin as a newcomer to the meme market with a market capitalization of up to US$7 billion, shows investor interest in projects supported by famous figures. Solana's price surge also reflects the positive impact of the launch of TRUMP coin on the cryptocurrency market.
With Solana and the Memecoin sector currently growing, due to increasing trading volume and high interest.
Not only that, the potential approval of the Solana Exchange Traded Fund (ETF) in the US which could drive significant investment into Solana, and the increasing adoption of decentralized applications (dApps) and the growth of the DeFi sector on the Solana network.
For additional information, on a yearly basis, Solana has experienced a significant increase of 176%. Not only that, the price of the asset has increased by 37% in the past week, and has jumped by 31% in a month.
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