Memecoin

The former CTO of Coinbase and general partner at venture capital firm Andreessen Horowitz said in a thread on X that memecoins aren’t wealth creation.

Trader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.

More than 1,000 memecoins related to the U.S. presidential election have been issued on Solana in the past 24 hours.