Solana (SOL), one of the largest cryptocurrencies in the world, managed to break its all-time high price record following the developments today.
Today, the new US President Donald Trump launched a memecoin and launched it to work on the Solana network. This was the reason for the record-breaking rise.
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At the time of writing, the Solana price is trading around $268, having surpassed the all-time high price level of $263.
Chart with one-minute candles showing the rise in SOL price.
However, the volatility in the SOL price is currently very high. The altcoin's price has gained more than 20% in the last 24 hours. Despite the rise, SOL remains on the list as the world's fifth-largest cryptocurrency, just behind Tether.
*This is not investment advice.
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