Cryptocurrency rate Solana (SOL) hits all-time high amid release of Donald Trump's official meme token.
Price Solana They started pumping on January 13th, and on Saturday she reached record high of $270 on the Coinbase exchange, up 60% in less than a week. However, a correction then began, and the digital asset fell below $265.
Given the huge amount of SOL sold at its peak, it is clear that crypto whales got rid of coins to lock in profits. Based on this, we can assume that the correction will continue, and the cryptocurrency rate will gradually decrease to the ascending trend line, which will be around $240.
Possible depreciation Solana
It is no secret that the popularity and rate Solana grew due to meme tokens. In this regard, the recent bullish rally is attributed to the release of SOL on the network Trump Memcoin , announced on January 18. The coin, called Official Trump (TRUMP), has risen in price more than fivefold since it was launched on exchanges, and its market capitalization is now estimated at $6,5 billion.
On the moonshot platform for trading meme tokens, TRUMP coins were initially available for purchase with digital assets and fiat currency at a rate of $0,18. The current price of the cryptocurrency is reaches $32,6, respectively, people who purchased digital assets on this portal earned an impressive profit.
