Solana Rallied After Trump's Election, But For How Long?

The presidential election in the United States has always had the power to shake markets, but seeing crypto like Solana soar above the symbolic $200 mark after Donald Trump’s victory is surprising. Solana, the fourth-largest cryptocurrency by market capitalization, excited traders and investors with a 21% rise in one week. But what fuels this unexpected surge?

Solana: when politics and crypto intersect

The world of crypto has its own codes, its cycles, but also its unexpected catalysts. This time, it is Donald Trump who has taken on the role of conductor.

Indeed, his presidential victory lit a fuse on the crypto markets. Trump, known for his favorable positions towards the digital asset ecosystem, promised to end what he called “unfair repression” on cryptos and to encourage the government to accumulate 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 resurgence of activity on Pump.fun, an iconic token launch platform. Nothing like a presidential election and pro-crypto promises to fuel a market eager to vibrate.

The rebirth of Solana driven by meme coins

The Solana ecosystem does not just ride the wave; it creates it. Since April, Pump.fun has evolved from a simple token generator to a true meme coin factory, capable of producing 32,000 tokens in a single day. These frantic launches have captivated a community eager for novelty, and enthusiasm was palpable from the first hours of Trump’s victory.

The irony is not lost. Traders joke that they follow election news directly from the Pump.fun dashboard. Why? Because the euphoria around meme coins 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 winner.

Long-term prospects are also significant. Balaji Srihari, Business Head at CoinSwitch, even hinted that a Solana ETF could emerge if the SEC relaxes its stance, a hypothesis gaining credibility thanks to the new president’s pro-crypto initiatives.

A trend that could mark history

Trump’s return to the White House and his pro-crypto stance could well reshape the landscape of digital assets. For Solana, this victory was a true springboard. Investors are already closely monitoring upcoming moves, between anticipation of an ETF and the continuous expansion of meme coins.

One thing is certain: history is not without irony. If someone had predicted that a controversial president and a wave of whimsical 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.