Investing.com – After taking center stage earlier this week, surging back above $100,000 thanks to lower-than-expected US inflation data, it is the major cryptocurrency that is posting gains. by far the strongest increase at the time of writing this article Sunday morning.
The SOL has indeed exploded by around 20% over the last 24 hours, bringing its gains since Monday’s low to almost 60%.
However, this sudden rally in the SOL is linked to the launch of a new cryptocurrency, and not just any…
Indeed, Donald Trump, who will begin his second term as President of the United States on Monday, surprisingly announced the launch of his official meme-coin, $TRUMP, on the SOL network!
The announcement, made via his account on the Truth Social network which he owns, clearly encouraged the purchase of the token, as can be seen below:
This Sunday morning, the TRUMP token posted a gain of more than 300% over 24 hours, with a capitalization of more than 5 billion dollars, which positions it directly in 30th position in the ranking of the largest cryptocurrencies.
-Clearly, the fact that Trump is launching his own meme-coin suggests that he will indeed become the “president of crypto” as he promised during his campaign, and that he will not disappoint the digital asset industry, who expects a lot from his presidency.
Beyond the rise in TRUMP and the repercussions on Solana, these surprises increase the chances that the new president of the USA will take strong measures in favor of cryptocurrencies from his first days in power.
This is also what several rumors in the crypto press suggested during the week.
So, next week could prove to be highly bullish, not only for SOL and TRUMP, but also for the crypto market as a whole. However, on the other hand, it must be emphasized that this also means that the disappointment will be great if Trump does not act enough or not quickly enough in favor of cryptocurrencies, which could trigger a massive correction…
