The pre-inauguration Donald Trump memecoin frenzy contributed to a record surge in new Solana addresses as users continued to flock to the meme-friendly blockchain. According to digital asset custody service Copper.

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.

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

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

Such fees are remarkably high for a low-cost blockchain, when transactions typically take fractions of a cent to settle.