$BTC

The surge in Solana's value was largely driven by two meme coins introduced on its blockchain by Trump and his wife Melania ahead of his inauguration. Trump's meme coin experienced intense trading activity over the weekend, reaching a market capitalization of $15 billion before experiencing a sharp decline, according to data from CoinMarketCap.
The pro-crypto stance adopted by the Republican Party has benefited most major digital assets since Trump's victory over Kamala Harris of the Democratic Party in November.
Memecoin, often represented by joke tokens like Dogecoin, is a highly volatile cryptocurrency with not-so-big value. They can record significant gains if they capture the attention of social media users, but are also vulnerable to rapid declines.
Solana, which proclaims itself as the "Ethereum killer", has become a favored network for launching memecoins. Its token's price ratio to Ether reached a record high on Sunday, as speculators invested heavily in the Trump coin.
While other cryptocurrencies have hit record highs, Ether remains about 30% below its 2021 peak. Over the last 12 months, this token has increased by 39%, compared to respective increases of 156% and 180% for Bitcoin and Solana.