XRP, Ether Dive as 'Official' Trump Memecoin Bumps Solana 9% Higher
- A Trump-themed memecoin launched on Solana attracted $3 billion shortly after its release, boosting the price of Solana's token by 12% on Saturday.
- The memecoin's launch caused XRP to drop 5% after a recent 40% gain, while Ether fell 7% as demand shifted to Solana.
- The official Trump memecoin surged from a few cents to $14 in under six hours, leading to confusion about its backing by Trump.
- The launch of the Trump memecoin occurred just before his inauguration, signaling potential changes in the crypto industry.
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Total News Sources0
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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