'Buy crypto' and 'Solana' search volumes surge amid TRUMP meme frenzy

Key Points

  • Google search volumes for "buy crypto" and "buy Solana" surged to 100 amid the TRUMP memecoin frenzy.
  • The launch of the TRUMP memecoin by President-elect Trump caused a significant price rally, impacting the broader crypto market.
  • The authenticity of the TRUMP memecoin was initially questioned but later confirmed by Trump's team, leading to a price surge.
  • TRUMP memecoin has a fully diluted value of approximately $67 billion with a current trading price around $67 per token.
  • Market analyst Arthur Hayes predicts a potential $100 billion valuation for TRUMP by Trump's inauguration.

Summary

The launch of the TRUMP memecoin on the Solana blockchain has triggered a significant increase in Google search volumes for terms like "buy crypto" and "buy Solana," reaching the maximum score of 100 on Google Trends. This surge in interest is attributed to the buzz created by President-elect Trump's involvement with the memecoin, which initially faced skepticism regarding its authenticity. However, confirmation from Trump's team led to a meteoric rise in the token's price, with TRUMP now trading at around $67 per token and boasting a fully diluted market cap of approximately $67 billion. The excitement around TRUMP has also propelled Solana's native token, SOL, to new all-time highs. Market analysts like Arthur Hayes are optimistic about the memecoin's future, predicting a potential valuation of $100 billion by Trump's inauguration. This event has not only captured the attention of crypto enthusiasts but also brought discussions about political accountability through blockchain technology into the spotlight.

cointelegraph
January 19, 2025
Crypto
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