Solana’s Stablecoin Supply Skyrockets After TRUMP Token Debut

Bitget App

Trade smarter

Cryptodnes2025/02/03 01:44

By:Cryptodnes

The launch of President Donald Trump’s Official Trump (TRUMP) memecoin has driven a substantial rise in stablecoin supply on Solana (SOL), according to the latest report from crypto research firm CCData.

Since the launch of the TRUMP token on January 18th, Solana’s stablecoin supply has surged by 73.6%.

This spike is attributed to increased capital inflows and record-breaking decentralized exchange (DEX) trading activity on the Solana network, following the TRUMP coin’s introduction.

As a result, Solana’s stablecoin supply saw a significant 112% increase in January, reaching an all-time high of $11.1 billion.

Major Crypto Investor Faces Significant Losses After Recent Sell-Off

Over the same period, the total stablecoin market cap across all blockchains grew by 5.68%, bringing the total to $215 billion.

January marked the 16th consecutive month of stablecoin supply growth, though Tether ( USDT ) saw a decrease in market share, dropping from 67.5% to 64.9%.

Meanwhile, Solana (SOL) is currently priced at $229.24, reflecting a nearly 4% drop in the past 24 hours and over 11% in the past week, but it remains up by nearly 18% in the last 30 days.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14