TRUMP ON BASE narxTRUMP

Arkham analysis pointed out that the Trump team did not sell $500 million worth of tokens. The team holds around $500 M in TRUMP liquidity pools on-chain. They have removed a total of $20M from these pools as USDC. Separately, they appear to have sent $92M in TRUMP to exchanges.…

The market has pretty clearly showed its hand in terms of what likely will outperform for the foreseeable future. As one example, it appears the DeFi infrastructure on Solana is rerating upwards (as seen today in alts like $JUP, $KMNO, $RAY etc.) While I think ETH and Ethereum DeFi might have a tougher time performing well on a relative basis, there most likely will be outliers who fit the Trump and/or institutional narrative (e.g $AAVE or $ENA) that are able to outperform.

📈 $TRUMP Resistance = 29.9

Technically speaking #Altseason will follow In 2021 $DOGE massive rally is what kicked off Alts season So I believe the Trump meme coin comes with a blessing in disguise.

Solana (SOL) has recently experienced a significant price surge, reaching an intraday high of $262.81 and currently trading at $261.82. This upward momentum is attributed to several key factors: Political Developments in the U.S.: The election of Donald Trump has fostered a more favorable regulatory environment for cryptocurrencies. Analysts anticipate that the new administration may expedite the approval of various crypto exchange-traded funds (ETFs), potentially including those based on Solana. This expectation has significantly boosted investor confidence.  Launch of the TRUMP Memecoin: The introduction of the TRUMP memecoin has increased activity within the Solana network, contributing to the rise in SOL’s price. The heightened network activity has positively impacted Solana’s valuation.  Record Total Value Locked (TVL): Solana’s TVL has reached a new all-time high of $10.33 billion, surpassing its previous record set in November 2021. This increase in TVL reflects growing confidence in Solana’s ecosystem and has contributed to the recent price surge.  Market analysts are optimistic about Solana’s trajectory. Some predict a potential rally to $444 in the midterm, citing bullish developments and increased network activity.  In summary, the convergence of favorable political developments, the launch of the TRUMP memecoin, and record-breaking TVL has propelled Solana’s recent rally. While the outlook appears positive, investors should remain vigilant and consider market volatility when making investment decisions.