The post $TRUMP Coin Mania Prompts Solana ATH, High Demand For Solaxy – Next 100x Crypto? appeared on BitcoinEthereumNews.com.

Donald Trump’s new meme coin — Official Trump ($TRUMP) — is being viewed as a stamp of approval on Solana. The fact that the POTUS — the leader of the free world — decided to launch a meme coin on Solana hours before his inauguration is being viewed as extremely bullish for SOL. While $TRUMP reached a peak undiluted valuation of $15 billion, trading as high as $75, the Solana price hit a new all-time high on Saturday and has entered price discovery since. A new meme coin Solaxy (SOLX), is also in high demand, having already raised nearly $12 million in its presale. With the Solana ecosystem in the spotlight, it is no surprise that prominent investors are viewing SOLX — the first prominent Solana Layer-2 — as the next 100x crypto. The Trump Coin Has Crowned Solana As The Best Altcoin To Buy In 2025 As previously stated, Donald Trump launching a meme coin on Solana is perhaps the biggest stamp of approval the blockchain has received. Moreover, the success of $TRUMP highlights one of Solana’s key selling points — the low transaction cost allows investors, including retailers, to make large investments and maximize their returns. It is not without any reason that the Trump coin is up by more than 32,000% in 2 days, outperforming S&P 500’s returns since 1971. To put this into perspective, this puts $TRUMP up 28,000% since launch. This outpaces the S&P 500’s return since 1971, or 54 YEARS of S&P 500 returns. Over this period, the S&P 500 has averaged +11% per year. Not even Bitcoin has seen the rapid growth that we are seeing now. pic.twitter.com/bLzDK4jmN1 — The Kobeissi Letter (@KobeissiLetter) January 19, 2025 Early Official Trump buyers have become millionaires overnight. For instance, an investor who purchased $1 million worth…

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Filed under: News - @ January 20, 2025 8:21 am