The presidential election in the United States has always had the power to shake up the markets, but seeing crypto like Solana jump above the symbolic $200 mark after Donald Trump's victory is surprising. Solana, the fourth largest cryptocurrency by market capitalization, thrilled traders and investors with a 21% rise in one week. But what is fueling this unexpected outbreak?
Solana: when politics and crypto intersect
The world of cryptos has its own codes, its cycles, but also its unexpected catalysts. This time, it was Donald Trump who took the role of conductor.
Indeed, his presidential victory lit a fuse on the crypto markets. Trump, known for his pro-digital asset ecosystem stances, promised to end what he called an “unjust crackdown” on cryptos and encourage the government to hoard Bitcoin.
This context has awakened frenzied optimism among investors, propelling Solana beyond its April highs.
But beyond the Trump effect, it is the incredible vitality of the Solana ecosystem that deserves attention. The meteoric rise of SOL coincides with a renewed activity on Pump.fun, a token launch platform that has become iconic. Nothing like a presidential election and pro-crypto promises to fuel a market that is just waiting to vibrate.
The rebirth of Solana powered by the same corners
The Solana ecosystem is not just following the wave. He creates it. Since April, Pump.fun has evolved from a simple token generator to a veritable meme coin factory, capable of producing 32,000 tokens in a single day. These frenetic launches captivated a community hungry for new products, and the enthusiasm was palpable from the first hours of Trump's victory.
There is no shortage of irony. Traders joke that they follow election news directly from the dashboard Pump.fun. For what ? Because the euphoria around the same corners seems closely linked to major geopolitical events. This time, the Trump effect was clear: his victory galvanized the crypto market, and Solana was the big beneficiary.
The long-term prospects are not negligible either. Balaji Srihari, Business Head at CoinSwitch, even suggested that a Solana ETF could see the light of day if the SEC softens its position, a hypothesis which is gaining credibility thanks to the new president's pro-crypto initiatives.
A trend that could make history
Trump's return to the White House and his pro-crypto posture could well reshape the landscape of digital assets. For Solana, this victory was a real springboard. Investors are already closely watching the next moves, between anticipation of an ETF and continued expansion of the same coins.
One thing is certain: the story does not lack irony. If anyone had predicted that a controversial president and a wave of wacky tokens would propel Solana to such heights, few would have believed it. And yet, this is the world of crypto: unpredictable, thrilling and always ready to surprise.
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