Stablecoin Supply on Solana (Sol) Skyrockkets after the launch of Trump Memecoin: CCDATA
Stablecoin has been equipped with Solana (ETH) Solana (SOL) in the past two weeks after the official MEMECOIN of President Donald Trump Trump (Trump) began, according to Crypto CCData Research.
CCDATA notes in Jadida a report Solana Stablecoin’s Solana supplies erupted by 73.6 % since January 18, a day after the Trump currency was launched.
Trump has led to huge capital flows and trading activity to the decentralized stock exchange (DEX) in Solana, which in turn increased Stablecoin supplies, according to the research company.
Stablecoin supplies on Solana increased by a total of 112 % during January to reach the highest new level of $ 11.1 billion. The total market value of Stablecoins also jumped in all chains by 5.68 % last month to 215 billion dollars.
Like January the sixteenth month in a row of Stablecoin growth, according to CCDATA. However, the market share in Tether Teetter, which is the market share of Tether’s Usdt, lost, with its dominance level from 67.5 % to 64.9 % last month.
Sol is traded at $ 229.24 at the time of this report. The encryption assets have decreased in the fifth rank, depending on the maximum market by approximately 4 % over the past 24 hours and more than 11 % last week, although it remains approximately 18 % in the past thirty days.
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