Solana (SOL) Active Addresses Surge to All-Time Highs Amid Trump Meme Coin Craze

Source
JH Kim

Summary

  • It was reported that the launch of the Solana (SOL)-based Trump meme coin (TRUMP) led to Solana's daily active addresses reaching an all-time high.
  • Due to the meme coin craze, Solana is establishing itself as a key network for launching meme coins.
  • Compared to early 2024, the surge in active addresses demonstrates Solana's growth.

On the 22nd (local time), cryptocurrency-focused media outlet Cointelegraph, citing data from UK-based digital asset investment solutions provider Copper, reported that "prior to President Trump's inauguration, the launch of the Solana (SOL)-based Trump meme coin (TRUMP) led to Solana's daily active addresses surpassing 9 million, marking an all-time high."

The media outlet explained, "Since last year, Solana has established itself as a key network for launching meme coins," adding that "with the meme coin craze, Solana's active addresses surpassed 100 million as of October last year."

Furthermore, it added, "Compared to the 500,000 monthly active addresses in early 2024, this is a remarkable achievement."

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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