As it is known, the new President of the United States, Donald Trump, launched a memecoin yesterday and made a big splash in the cryptocurrency market.
After examining onchain data, it was claimed today that Trump's wallets started actively purchasing Solana. So how true is this claim?
Looking at the data, we see that Trump is constantly transferring liquidity to TRUMP pools on Meteora, a memecoin launch platform. However, the fees accumulated in these pools are withdrawn by the team and Solana is actively purchased. However, there is one more detail.
It was observed that the team, which was seen to have purchased a total of $7 million worth of SOL, sent these SOL coins directly to OKX and probably sold them. In other words, it seems that Trump and his team have no intention of accumulating SOL in the current situation.
However, a recent article in the New York Post claimed that Trump was open to the use of US-based cryptocurrencies such as SOL and XRP as a strategic reserve in the US. Considering that Trump launched his latest memecoin on the Solana network, it can be said that he is at least more positive about SOL than other cryptocurrencies.
*This is not investment advice.
