'Buy crypto' and 'Solana' search volumes surge amid TRUMP meme frenzy
Google search volumes for "buy crypto" and "buy Solana" surged to 100 amid the excitement surrounding the Official Trump memecoin. Search volumes for "Coinbase" and "crypto app" also reached 100. The launch of the TRUMP memecoin, initially met with skepticism, gained legitimacy after confirmation from Trump's team, leading to a price increase. The TRUMP token has a fully diluted value of approximately $67 billion, trading at around $67 per token, with a maximum supply of 1 billion tokens and 200 million in circulation. The price rally of TRUMP contributed to Solana's asset, SOL, reaching new highs of $270. Market analyst Arthur Hayes predicts a fully diluted value of $100 billion for TRUMP by January 20, 2025, and suggests memecoins could enhance political accountability onchain.
