What Are the Most Important Solana News to Watch?
On the evening of March 2, Beijing time, the new President of the United States, Trump, posted on social media, “After years of repression by the Biden administration, the U.S. cryptocurrency reserve will elevate the status of this key industry, which is why my utive order on digital assets directs the President’s Task Force to advance the strategic reserve of cryptocurrencies, including XRP, SOL, and ADA.” I will make sure that the United States is the cryptocurrency capital of the world. We’re making America great again!”
Influenced by the news that ‘Trump will advance a crypto strategic reserve including XRP, SOL, and ADA’, SOL surged rapidly, breaking through the $170 mark, rising more than 30% from last week’s low of $125. According to Gate.io market data, SOL is currently priced at $137.7, with a circulating market value of $81 billion, ranking 6th in the overall market.
With strong support from the President of the United States, the future of SOL is undoubtedly worth market attention. In addition, what other projects and news on the Solana chain are worth following? Let’s research together with the author!
The hype of Trump’s meme coin
The latest development of Solana took an unexpected turn with the launch of the TRUMP meme coin on the blockchain. This move has caused a frenzy in the cryptocurrency world. The meme coin of Trump on Solana has become an important catalyst for the growth of the Solana network, attracting unprecedented attention and investment. According to the market data from Gate.io, TRUMP is currently priced at $14.98, with a 24-hour increase of 7.18%. The current circulating market value of TRUMP meme coin is $3 billion, ranking 35th in the overall market.
Choosing Solana as the issuance network for the TRUMP meme coin significantly increased market demand and sentiment for SOL tokens. The endorsement of influential political figures like Donald Trump adds credibility to Solana’s technical capabilities and scalability. As a result, we have witnessed a surge in new users, with over 5.3 million SOL transactions uted since the launch of the Trump token. This influx of activity solidifies Solana’s position as a leading blockchain for NFTs and token issuance, challenging established platforms and attracting retail and institutional investors.
The launch and market performance of the TRUMP token have sparked widespread attention, not only because of its close association with Trump’s personal brand and political image, but also because of the emerging trend it represents of ‘politics + cryptocurrency’. The TRUMP token is not just a cryptocurrency, but also a part of the Trump brand, representing a specific political and cultural symbol. As a type of meme coin, the political symbols and influence of figures behind the TRUMP token may become its long-term support. If Trump continues to remain active on social media and continuously promote the token, the TRUMP token may transform from a mere investment tool into a cultural symbol.
WIF Token: The Unexpected Phenomenon of Emoji Coins
In the ever-changing Solana news, the WIF token, as an unexpected meme coin phenomenon, has attracted the attention of cryptocurrency enthusiasts worldwide. The Solana WIF token, officially named dogwifhat (WIF), has experienced significant popularity and value surge. As of the latest data, the trading price of WIF is $0.77, with a 22.73% increase in the past 24 hours. This outstanding performance has propelled WIF into the top 100 cryptocurrencies by market capitalization, currently ranking 85th.
The success of the WIF token proves the vitality and dynamic nature of the Solana eco. With a current supply of 998,841,074.58 tokens, the market value of WIF has exceeded 7.72 billion US dollars. Considering that the token was launched on December 19, 2023, just a year and a half ago, this rapid growth is particularly noteworthy. The phenomenon of WIF demonstrates Solana blockchain’s ability to support and nurture innovative projects in the field of meme coins.
To put the performance of WIF tokens into a broader context, it is very necessary to compare some other notable Solana-based tokens. This comparison highlights the outstanding growth of WIF, especially when compared to more mature tokens. The success story of WIF tokens on Solana emphasizes the ability of blockchain to promote innovative projects and support rapid market changes. As the Solana eco continues to expand, trading platforms play a crucial role in providing traders and investors with access to emerging opportunities, ensuring that they can participate in the latest trends in the Solana network.
SOL price roller coaster: new highs and potential pitfalls
Solana price The analysis reveals a dramatic journey of ups and downs, reflecting the volatility of the cryptocurrency market. As of March 3, 2025, Solana (SOL) reached a historical high of $295, marking a significant milestone in its price history. This surge can be attributed to increased demand for tokens based on Solana, especially after high-profile projects such as Trump NFT and WIF were launched.
However, the road to this peak is not without challenges. The SOL price has experienced quite large fluctuations, with SOL recently dropping more than 50% from its high point, falling to around $125. These conflicting predictions highlight the inherent uncertainty and risk of the cryptocurrency market, even for mature platforms like Solana.
To better understand the dynamics of SOL prices, we need to examine some key factors. The roller coaster of SOL prices is also influenced by external factors, such as regulatory changes and overall market sentiment. For example, the recent tariff announcement by US President Trump led to a nearly double-digit decline in SOL prices within a weekly timeframe. This indicates that geopolitical events and policy decisions can have a significant impact on the valuation of cryptocurrencies.
Despite these challenges, Solana’s technological advancements and growing eco continue to attract investors and developers. The blockchain’s ability to efficiently handle high transaction volumes, as demonstrated during the release of the TRUMP meme coin and the surge of the WIF token, has solidified its position as a leading layer1 blockchain. As the market continues to evolve, futures trading provides a key entry point for traders looking to navigate the volatility of SOL prices, offering a range of tools and services to help manage risks and capitalize on opportunities within the Solana eco.
Jupiter’s airdrop: Changing the game rules of Solana DeFi landscape
The latest development of Solana has been significantly influenced by the revolutionary airdrop from Jupiter, reshaping the decentralized finance (DeFi) landscape on the Solana blockchain. Jupiter (JUP), as an important decentralized exchange aggregator on Solana, recently uted one of the most successful airdrops in network history, distributing 7 billion JUP tokens to eligible participants. This large-scale token distribution not only increased Jupiter’s visibility but also injected new vitality into Solana’s DeFi eco.
The Jupiter (JUP) airdrop on Solana has become a catalyst for increased activity and liquidity on the network. Following the airdrop, the JUP token experienced a significant 22% price surge, reflecting high demand and positive sentiment for the project. This surge in value has created a ripple effect, benefiting other Solana-based tokens and fostering overall eco growth.
To understand the impact of the Jupiter airdrop, we compare it to other significant events in the Solana DeFi sector. The successful airdrop of Jupiter highlights the increasing importance of Solana in the DeFi space. By distributing tokens to a wide range of users, Jupiter effectively expands its user base and enhances platform engagement. This, in turn, leads to higher trading volumes and a more diverse range of decentralized exchange trading pairs based on Solana.
In addition, the airdrop also highlights Solana’s ability to effectively handle large-scale token distribution, further consolidating its reputation as a high-performance blockchain. As the DeFi landscape on Solana continues to evolve, platforms like Web3 wallets play a crucial role in providing users access to these emerging opportunities, bridging the gap between centralized and decentralized financial ecos.
Future Outlook of Solana
Driven by policy, market demand, and ecological prosperity, SOL is expected to challenge historical highs in the future. In the short term, market sentiment and regulatory dynamics will continue to have an impact. SOL price However, in the long run, the continued expansion of the Solana eco, the growth of new users, and the continuous inflow of capital provide a good growth foundation for SOL. If the market environment continues to improve, SOL may break through $300 in the next bull market, and even further challenge higher target prices.
Risk warning: Changes in market sentiment or regulatory changes may significantly impact the growth trajectory and token valuation of Solana.
