Solana has updated its historical cost record

Yesterday, January 19, Solana SOL $256.44 Solana -10.52% Market capitalization $124.78 billion VOL. 24 hours $5.74 billion reached a new all-time high of $ 270, showing a 45% increase over the course of the week. The previous record was set in November 2024, when the token’s value reached $ 254. The main driver of growth was the introduction of the TRUMP meme token associated with US President-elect Donald Trump, which is powered by Anatoly Yakovenko’s blockchain.

The launch of the TRUMP token, which reached a price of $ 39 and a market value of $ 39.7 billion in a day, caused a stir among Solana users. According to DeFi Llama, trading volumes on decentralized blockchain exchanges have increased to $ 19 billion per day, which is almost five times higher than the annual average. This allowed Solana to take a dominant position among other blockchains with a 52% share in the decentralized exchange (DEX) sector.

Despite this surge, some experts, including a former Google developer known as TechLead, note that the TRUMP meme token has had a limited impact on SOL demand due to low fees and the token’s peg to USDC rather than the native Solana token.