Ethereum’s cryptocurrency keeps losing ground to rival tokens as it struggles to harness tailwinds created by President Donald Trump’s foray into a highly speculative corner of the digital-assets market.

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.

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

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 recent surge was mainly driven by Trump and his wife, Melania, launching two memecoins on the blockchain in the lead-up to his inauguration. Trump’s coin saw frenzied trading, reaching a market cap of $15 billion before a sharp decline.

Solana ETF was gaining momentum after Trump-led memecoin mania shattered records. ETFs have been game-changers for BTC and ETH—could SOL be next? There’s no doubt – Solan a [SOL] is dominating the memecoin ecosystem, with 50% of the top ten memecoins built on its blockchain.

Google search trends for “buy crypto” and “buy Solana” have soared following the launch of the Official Trump (TRUMP) memecoin.

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

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

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%,