The 'official' memecoin of incoming U.S. President Donald Trump has boosted interest in Solana (SOL), leading to a surge in both its price and

Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his “official” memecoin.

Trump’s Solana-based memecoin has sparked controversy with allegations of insider trading, while major exchanges list the token, and Solana’s ecosystem sees record activity.

Dubbed Melania, the Solana-based token has surged more than 12,000% in the last 24 hours as Donald Trump's token fell.

Top-performing crypto majors XRP and ether (ETH) saw profit taking early Saturday as a Donald Trump-themed “official” memecoin attracted $3 billion in its first few hours after being issued on the Solana network, driving demand for SOL tokens.

OFFICIAL TRUMP quickly achieved a top ten fully diluted market capitalization in less than three days of trading. Check out TRUMP memecoin and SOL-USD here.

Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.

Solana, the fourth-largest cryptocurrency by market cap excluding stablecoins, experienced a significant price surge on Saturday. According to Coin Metrics, the price of SOL increased by more than 12%,

Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump. According to data by Coingecko, SOL has increased by more than 16% in the past twenty-four hours,