New Solana blockchain addresses hit record numbers before Donald Trump took office because the TRUMP memecoin saw remarkable growth from investors. Digital asset custodian Copper.co used data from Glassnode published in a report that showed Solana added almost 9 million new blockchain addresses just before Donald Trump’s presidential inauguration.
Following Sam Bankman-Fried’s downfall Solana now represents the presidency of the United States. The blockchain community debates whether decorations associated with the president-elect should represent blockchain’s best possible purposes. Different people disagree about capitalism success according to Copper.co.
Solana Blockchain Gains Global User Growth
On Jan. 17 the Trump memecoin market responded strongly to launch, rising from zero to $12 billion in market value within a day. Although he started it the president says he has no understanding about the token’s existence. I launched my idea into existence and nothing else matters because it proved successful right away.
Four days after its January 19 peak at $73.43 the token plunged to about $38 according to CoinGecko records. The recent popularity of memecoin styles has helped Solana attract more users from around the world. Recent polling shows Solana hit 100 million active wallets in October 2024 while its earlier monthly user count stood at just 500,000.
First Lady Melania Trump created her own memecoin before Donald Trump’s Inauguration Day event. According to DEX Screener data, her token gained 500000 users within its first few hours of availability. The project raised doubts from analysts because they found one address held most of the tokens on record which suggests potential manipulation.
Despite doubts about memecoins people increasingly use these tokens to combine internet culture with financial speculation.
