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Solana’s TVL Crosses $10B for First Time Since FTX Collapse After TRUMP Memecoin Launch

CoinDesk LogoCoinDesk20h ago

Solana’s TVL Crosses $10B for First Time Since FTX Collapse After TRUMP Memecoin Launch - CoinDesk

Quick Summary:

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 launch of Donald Trump’s official memecoin, $TRUMP, was co-ordinated by CIC Digital LLC, a Trump-affiliated organization, the BBC reported.

This level hasn’t been seen since August 2022, ahead of the collapse of FTX, whose co-founder Sam Bankman-Fried was a major Solana proponent.


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Solana’s TVL Crosses $10B for First Time Since FTX Collapse After TRUMP Memecoin Launch - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Francisco Rodrigues

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-19 @ 20:54:31 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25263251

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 2 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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