The launch of Donald Trump’s official memecoin on Solana has not only boosted the cryptocurrency’s price and trading volume, but also perceived odds of a SOL ETF.
The former CTO of Coinbase and general partner at venture capital firm Andreessen Horowitz said in a thread on X that memecoins aren’t wealth creation.
Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account
The official memecoin of the 47th United States president will be listed on most major crypto exchanges, even though the fan token faced trouble getting listed.