Donald Trump’s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem nearly overnight. Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his “official” memecoin. The choice of Solana as an issuance network bumped demand and sentiment for SOL tokens, as CoinDesk reported Saturday. SOL trading volumes have rocketed from Thursday’s $3 billion to over $26 billion in the past 24 hours, with Saturday’s moves bringing weekly gains to over 46%. That’s a nearly 3,000% surge since three-year lows of $9 in December 2022 following the implosion of crypto exchange FTX and prominent backer Sam Bankman-Fried, which dented sentiment for Solana at the time. Trump’s official memecoin was issued in late U.S. hours Friday on the Solana blockchain by a team including ecosystem giants Jupiter and Meteora. Prices of Jupiter’s JUP tokens are up 30% in the past 24 hours. The token launch was co-ordinated by CIC Digital LLC - an affiliate of the Trump Organization, and the newly-formed company Fight Fight Fight LLC, per BBC . The duo holds 80% of the tokens, subject to a vesting period of over three years, and it is unclear how much money Trump might make from the venture. TRUMP prices rocketed from a few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or if someone had hacked Trump’s account and issued a fake token. It trades above $44 in Asian afternoon hours Sunday, grabbing listings on prominent exchanges Coinbase and Binance, as well as several futures products. It has become the third-largest memecoin by market capitalization behind dogecoin (DOGE) and shiba inu (SHIB), flipping pepecoin (PEPE).
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Source: CoinDesk
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Bitcoin Spot ETFs See $1.86 Billion Inflows, Extend 3-Week Positive Streak
The Bitcoin Spot ETFs, one of the most exciting financial markets at the moment, closed out another week with net inflows resulting in three consecutive weeks of gains. In tandem, the Ethereum Spot ETFs also produced an overall positive performance to record their first weekly net inflows in 2025. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December Bitcoin Spot ETFs Register $2.42 Billion Net Flows In 2025 Following a turbulent end to December 2024, the US Bitcoin Spot ETFs have launched 2025 on a strong bullish note with significant market inflows reminiscent of their impressive performance in the majority of Q4 2024. According to data from ETF analytics site Farside Investors, these Bitcoin ETFs recorded an aggregate inflow of $1.862 billion in the third trading week of 2025 resulting in a total net flow of $2.42 billion in the new year. Interestingly, this week started on a negative note as these ETFs suffered withdrawals valued at $493.9 million between 13 January – 14 January amidst a Bitcoin flash crash to below $90,000. However, a surge in Bitcoin prices in the remaining three trading days corresponded with a rise in investors’ confidence translating to a cumulative inflow of $2.35 billion during this period. In familiar fashion, BlackRock’s IBIT registered the largest net inflows of the week valued at $745.7 million, with Fidelity’s FBTC taking second with investments worth $680.2 million. Bitwise’s BITB and Ark’s ARKB also registered significant inflows, totaling $216 million and $204.7 million, respectively. Other ETFs such as Invesco’s BTCO, Grayscale’s BTC, WisdomTree’s BTCW, VanEck’s HODL, and Franklin Templeton’s EZBC recorded modest net inflows of not more than $40.1 million. Unsurprisingly, Grayscale’s GBTC produced the only net outflow of the week valued at $87.7 million. Meanwhile, Valkyrie’s BRRR was also another outlier registering zero net flows. At the time of writing, BlackRock’s IBIT maintains its market dominance with $38.41 billion in cumulative net inflow. IBIT also boasts $59.28 billion in net assets accounting for almost half of the total net assets ($120.95 billion) in the Bitcoin Spot ETF market. Related Reading: Ethereum ETFs Record $38 Million Outflows, Break 5-Week Positive Streak – Details Ethereum ETFs Return To Positive $212 Million Inflows In addition to the strong performance of Bitcoin Spot ETFs, Ethereum ETFs recorded a net inflow of $212 million, signaling a return to positive gains after a rocky start to 2025. The BlackRock ETHA emerged as the focal center of these gains, registering $151.3 million in net flows over the week. At the time of writing, the Ethereum Spot ETFs now hold a total net asset of $12.66 billion representing 2.99% of Ethereum’s market cap. On the spot market, Ethereum continues to trade at $3,297, with Bitcoin now valued at $104,837. Featured image from Anndy Lian, chart from Tradingview CoinDesk
Bitcoin Approaches All-Time High Amid Market Volatility and Emerging FOMO Insights from Changpeng Zhao
The cryptocurrency market’s recent fluctuations have generated significant buzz, particularly as Bitcoin (BTC) approaches its all-time high, stirring investor sentiment. Despite Bitcoin’s surge, other altcoins have struggled, showcasing a distinct CoinDesk