Solana, a cryptocurrency, has surpassed $200 for the first time since April due to Trump’s U.S. Presidential election victory. This causes an increase in Solana’s market capitalization to $95 billion and a climb of 7.5% on the day. Solana’s popularity comes from its token launchpad, Pump.fun, hosting celebrity tokens and other popular items.
The election victory also led to optimism for a Solana ETF, which could attract traditional investors.
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