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What is Solana (SOL)?

Solana basic info

Name:Solana

Ticker:

SOLBuy now

Introduction:

The cryptocurrency market is no stranger to meme coins, and the latest entrant making headlines is OFFICIAL TRUMP (TRUMP). Launched on the Solana blockchain on January 17, 2025, this token quickly gained attention after being promoted through Donald Trump’s official X (formerly Twitter) and Truth Social accounts.

Within hours, TRUMP surged in market capitalization, soaring to $15 billion, making it one of the biggest meme coin launches in recent history. However, questions remain: Is OFFICIAL TRUMP a groundbreaking crypto project, or is it just another pump-and-dump scheme?

What Is OFFICIAL TRUMP (TRUMP)?

OFFICIAL TRUMP is a meme coin built on the Solana blockchain. According to the project’s official website, GetTrumpMemes.com, the token is designed to celebrate Trump’s leadership and the “Fight, Fight, Fight” slogan, which gained traction following a campaign event on July 13, 2024. The project aims to foster a sense of community and optimism, positioning itself as a cultural symbol rather than a traditional cryptocurrency investment.

The coin's launch was heavily publicized through Donald Trump’s official social media accounts, including Truth Social and X (formerly Twitter). Trump’s announcement read:

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.”

This was followed by promotions offering rewards such as an airdrop for the first 2,500 participants. While the project has drawn significant attention and achieved rapid market gains, reactions have been mixed. Supporters view it as a bold move to energize Trump’s base, while critics question its ethical implications and long-term viability.

Who Created OFFICIAL TRUMP (TRUMP)?

OFFICIAL TRUMP is linked to CIC Digital LLC, the same entity that previously managed Trump’s NFT collections. Along with another entity, Fight Fight Fight LLC, CIC Digital owns and controls 80% of the total token supply. This means a small number of wallets hold the majority of TRUMP, which raises concerns about market control and potential price manipulation.

Although Trump’s official social media accounts promoted the project, there has been no direct confirmation from Trump himself regarding his level of involvement. The project’s website states that it is not associated with any political campaign or government office, which has led to speculation. Some believe it is a licensed digital asset using Trump’s branding, while others suggest that Trump’s social media accounts may have been hacked to promote the coin.

How OFFICIAL TRUMP (TRUMP) Works

OFFICIAL TRUMP operates on the Solana blockchain, which is known for its fast transactions and low fees. The total supply of TRUMP is 1 billion tokens, but only 200 million were released at launch. The remaining 80% of tokens are locked and will be gradually unlocked over three years. This structured release schedule raises concerns about centralization, as a small group of holders controls the majority of tokens.

Introduction image 0

OFFICIAL TRUMP (TRUMP) Tokenomics

Source: gettrumpmemes.com

Meme coins like TRUMP rely heavily on community engagement, media hype, and social media trends. While early investors may see rapid gains, the extreme volatility of meme coins means that prices can crash just as quickly. Traders should be aware that TRUMP’s future value is uncertain and may fluctuate wildly based on market sentiment.

Is OFFICIAL TRUMP Legit?

OFFICIAL TRUMP is widely believed to be legitimate, with its launch announced through Donald Trump’s verified social media accounts and backed by entities like CIC Digital LLC, which also managed his previous NFT projects. The project’s infrastructure and tokenomics, including a controlled release schedule, align with its claims of being an official venture.

Despite these signs, concerns remain over its centralized ownership, meme coin volatility, and potential regulatory scrutiny. While no evidence suggests Trump’s accounts were compromised, the speculative nature of the project urges investors to proceed with caution and conduct thorough research.

TRUMP Goes Live on Bitget

We are thrilled to announce that OFFICIAL TRUMP (TRUMP) is listed in the Innovation and Meme Zone. Check out the details below:

Deposit Available: Opened

Trading Available: 18 January 2025, 10:00 (UTC)

Withdrawal Available: 19 January 2025, 11:00 (UTC)

Spot Trading Link: TRUMP/USDT

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Current price:

$254.44More price details

All-time high:$268.75

All-time low:$0.5052

SOL supply and tokenomics

Circulating supply:486,575,300 SOL

Total supply:592,385,193.79 SOL

Max supply:0 SOL

Market cap:$123.80B

Fully diluted market cap:$150.73B

Token allocation:

Community

38.93%

Seed Round

16.23%

Founding Sale

12.92%

Team

12.78%

Foundation

10.46%

Validator Sale

5.18%

Strategic Sale

1.87%

CoinList Auction Sale

1.63%

Tokenomics:

Uniqueness

One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.

Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.

This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.

Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the " Visa of crypto ." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.

Token utility

$SOL is the native asset of the Solana blockchain. It is used for:

Staking: Solana is in the process of enabling inflation rewards for staking$SOL in exchange for powering and supporting the network.
Transaction fees: users can use$SOL to pay for token transactions and smart-contract executions on the network.
Governance:$SOL will be used in governance voting.

Links

Website:https://solana.com

Whitepaper:https://solana.com/solana-whitepaper.pdf

X:https://twitter.com/solana

GitHub:https://github.com/solana-labs

Buy Solana for $1Buy SOL now

What is the development prospect and future value of SOL?

The market value of SOL currently stands at $123.80B, and its market ranking is #5. The value of SOL is widely recognized by the market. When the bull market comes, the market value of SOL will likely continue to increase.

Moreover, if SOL can play a greater role in practical applications, such as Solana builders fully leveraging the potential of SOL, partnering with more businesses, and increasing its user base, the long-term value of SOL will be significantly enhanced.

What will the price of SOL be in 2026?

Based on SOL's historical price performance prediction model, the price of SOL is projected to reach $186.43 in 2026.

What will the price of SOL be in 2031?

In 2031, the SOL price is expected to change by +37.00%. By the end of 2031, the SOL price is projected to reach $547.76, with a cumulative ROI of +153.14%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SOL and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

SOL price SOL price prediction SOL news

Is SOL worth investing or holding? How to buy SOL from a crypto exchange?

If you want to buy SOL, the following information may be helpful for your investment decisions:

In the last seven days, the price of SOL has risen by 36.05%, leading to positive returns for most SOL investors. The market is currently optimistic about the price trend of SOL.

It is important to note that the current price of SOL has retreated by -5.32% from its all-time high. This coin is currently considered low-risk, and its price is likely to reach new all-time highs. However, be mindful of significant pullbacks if the trading volume is huge.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether SOL is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SOL or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of SOL, if you want to buy or sell SOL, you can consider Bitget for your trading needs. The best place to buy SOL is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Solana has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Solana. Here's a step-by-step guide on how to buy Solana on Bitget.

Buy SOL now Coin buying guide

How to get Solana through other methods？

Using cash to buy Solana is not the only way to obtain Solana. If you have the time to spare, you can get Solana for free.

Learn how to earn Solana for free through the Learn2Earn promotion.

Earn free Solana by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Solana airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Solana through Bitget Convert, Bitget Swap, or spot trading.

What is Solana used for and how to use Solana?

The use case of Solana may expand as the crypto market and the project itself develop. Currently, you can use SOL to achieve the following goals:

Arbitrage by trading SOL: Since SOL is a frequently traded cryptocurrency, the price of SOL is always fluctuating. Earn more SOL by buying low and selling high on the exchange. Bitget spot market provides a variety of SOL trading pairs to fully meet your needs.

Earn by staking SOL: You can also generate income through financial management methods such as staking SOL or lending SOL. Bitget Earn offers a variety of financial products designed to help you earn more income from your SOL.

Send or pay SOL: If you want to give SOL to your friends, a charity, or a fundraiser, or you want to pay someone with SOL, you can quickly and easily send SOL to the recipient through their payment address.

You can also go to the official website of the Solana project to learn more about the use cases of SOL. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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