Solana, the fourth largest cryptocurrency by market capitalization, has exceeded $200 for the first time since April. This comes after Donald Trump won the U.S. Presidential election setting off green candles throughout crypto markets and prompting the SOL trenches to go into overdrive.

Solana (SOL) has climbed 7.5% on the day and 21.1% over the past week, according to CoinGecko, to a market capitalization of $95 billion. Early on Friday morning, the token peaked at a price of $202.55, the highest it’s been since April 1, 2024. 

This previous high was reached before the network’s killer app, Pump.fun, caused meme coin mania to start. Back in April Pump.fun, the most popular token launchpad in crypto, was responsible for just 10,000 tokens a day. Since then, the meme coin factory has hosted a slew of celebrity tokens, outrageous livestreams, as well as an innovative “AI-conceived” multi-millio

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Author: Ryan Gladwin