Solana (SOL), one of the largest cryptocurrencies in the world, managed to break its all-time high price record following the developments today.

Today, the new US President Donald Trump launched a memecoin and launched it to work on the Solana network. This was the reason for the record-breaking rise.

At the time of writing, the Solana price is trading around $268, having surpassed the all-time high price level of $263.

However, the volatility in the SOL price is currently very high. The altcoin’s price has gained more than 20% in the last 24 hours. Despite the rise, SOL remains on the list as the world’s fifth-largest cryptocurrency, just behind Tether.

*This is not investment advice.