On January 19, 2025, Solana (SOL) hit a record price of 293 USD per coin, marking a 42% increase since the beginning of the month.

The rise in SOL’s value is closely associated with the introduction of Donald Trump’s official meme coin, TRUMP, which has driven purchasing demand.

As the token unlock event on March 1, 2025, approaches, 112 million SOL will enter the market, representing 23% of its total supply and potentially impacting price dynamics.