TRUMP memecoin helps SOL price beat Ethereum — Solana's TVL jumps to $12B
Summary
Solana (SOL) reached an all-time high of 0.00936 against Ether (ETH) on January 19, later stabilizing at 0.0769. This surge is linked to the Official TRUMP memecoin, which has increased interest in Solana, driving up its price and trading volume. The total value locked (TVL) in the Solana network surpassed $10 billion for the first time since November 2022, hitting over $12 billion, a nearly 50% increase in a week. Daily transactions rose from 45,881 to 57,084 during this period. Analysts suggest SOL may rise further in January, with predictions of reaching $300 to $685. Technical indicators show a bullish trend, with a positive relative strength index (RSI) of 58.
