Solana Network witnessed an unprecedented surge in decentralized exchange (DEX) volumes, primarily driven by the launch of the official Trump (TRUMP) memecoin. This significant activity pushed monthly volumes to over $200 billion, setting a new record unmatched by any other network.
Despite this achievement, Solana's price was unable to break out, remaining in a bearish technical stance. The market's reaction to these developments adds uncertainty to the outlook for Solana's value.