Trump Bomb Shows Solana[SOL] Is the Memecoin Ecosystem King, Could This Be the Year We Finally See a Solana ETF?

There’s no doubt – Solana[SOL] is dominating the memecoin ecosystem, with 50% of the top ten memecoins built on its blockchain.

Solana [SOL] price soared by 19% in a single day, marking its biggest jump in history. This surge was largely driven by the launch of two new memecoins by President-elect Trump and First Lady Melania Trump.

Official Trump (TRUMP) and Melania (MELANIA) memecoins soared by 28,000% and 24,000%, respectively, within just 36 hours of their launch. At press time, TRUMP and MELANIA were valued at $12.63 billion and $5.23 billion, respectively.

Solana price hit a new all-time high of $295.83 with 24-hour DEX volume hitting a record $23.7 billion. Meanwhile, the total market cap of all Solana-based memecoins surged by 30%, reaching $30.8 billion.

Solana is now home to five of the top ten memecoins, with Officials TRUMP and MELANIA coins being the clear frontrunners. This development has sparked renewed discussions about the possibility of a Solana ETF.

With Bitcoin and Ethereum ETFs already making waves in the market, many believe that a Solana ETF is the next logical step, especially given Solana’s impressive performance and growing popularity.

Solana technology is a step ahead with 4,392 TPS (Transactions per second) compared to Ethereum’s 12-15. For memecoins, where volatility rules, timing is crucial.

Despite the massive boost from the TRUMP and MELANIA coin launches, pushing Solana’s market cap to $140 billion, it still falls short of Ethereum’s lowest market cap of $180 billion from two years ago. In fact, it is a far cry from Ethereum’s current market cap of $407 billion.

ETFs played a significant role in this disparity. For instance, a day after the election last year, Bitcoin saw its largest-ever inflow of $1.3 billion.

At the same time, Ethereum also saw millions flowing in as retail investors capitalized on the “Trump pump.” Solana, on the other hand, saw a moderate increase of 11.99%, compared to Ethereum’s 12.37%.

However, if Solana had its own ETF, the story could have been different, with institutional capital potentially pouring in and giving Solana an even bigger boost.

The recent “Trump bomb” directly challenges the SEC’s stance on Solana ETFs, and the market’s reaction says it all. With Trump back in the White House, a Solana ETF is looking more likely than ever, making Solana the coin to watch in 2025.