The launch of Donald Trump’s official memecoin on Solana has boosted the TVL and SOL price to new all-time highs and at the expense of rival Ethereum.
Solana (SOL) price hit a new all-time high of 0.00936 against Ether (ETH) on Jan. 19 before retracing the current level of 0.0769.
SOL’s impressive performance in recent days can be attributed to the memecoin associated with incoming US President Donald Trump, Official TRUMP ($TRUMP), which has boosted interest in Solana, leading to a surge in both its price and trading volume.
Related: Donald Trump’s memecoin drops 38% as wife Melania launches token
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