Coinbase users have experienced significant delays with Solana transactions following the launch of memecoins by former President Donald Trump and his wife Melania.

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, calling it his “official” memecoin.

Trump’s memecoin mania has sent Solana to new all-time highs. Donald Trump launched his official memecoin on Solana on Jan. 17. The token recorded a

The success of Solana-based tokens and growing institutional interest strengthen discussions around launching a Solana ETF, signaling a new phase of growth.

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

Solana’s rally was largely fuelled by two so-called memecoins launched on its blockchain by Trump and his wife Melania in the run-up to his inauguration.

Despite the competitive memecoin market, the Official Trump (TRUMP) token quickly reached a $6.9 billion market capitalization. It was immediately listed on major exchanges, including Bybit, Bitget, and KuCoin. The memecoin launched with 200 million tokens in circulation and a total supply of up to 1 billion, with 80% allocated to the issuers.

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,

Solana's SOL token rocketed after a memecoin 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%,