Solana Meme Coin TRUMP Surges 66% Amid Exclusive Dinner Offer for Top Holders
The official Solana-based meme coin TRUMP, endorsed by former President Donald Trump, experienced a dramatic 66% price surge on April 24, 2025, following an announcement of exclusive rewards for top holders. This article explores the factors behind the rally and Solana’s broader ecosystem developments.
Trump Meme Coin TRUMP Skyrockets After Dinner Offer for Top Holders
President Trump’s official Solana meme coin, TRUMP, saw a significant price surge of nearly 66% on Wednesday, rising from $9.30 to $14.72 in less than an hour. The project offered an exclusive dinner as a reward for top token holders, driving up the value of the coin to its highest point since early March.
Solana Foundation to Slash Support for Low-Stake Validators
The Solana Foundation aims to increase decentralization by cutting validators with low external stake counts. Specifically, for each new validator that enters the delegation program, the Foundation will cut three other validators with fewer than 1,000 staked SOL outside the delegation program. This policy is expected to overhaul the staking delegation program on Solana.
Lucky Trader Turns $170 Investment in Solana Meme Coin into $225K
A trader bought $170 worth of Troll (TROLL), a Solana-based meme coin created on Pump.fun in May 2024, and held it. Since April 20, the coin’s price skyrocketed, turning the trader’s investment into $225,000. The coin, dedicated to the classic internet meme Trollface, previously had little traction and a market cap of just $10,500.
Solana Foundation Implements New Policy for Community Validators
The Solana Foundation has scaled back support for long-standing validators reliant on Foundation-delegated stake, paving the way for new, community-backed operators. For each new validator brought in, three existing validators with Foundation stake for over 18 months and less than 1,000 SOL in external delegation will be removed. The measure aims to reduce dependence on internal stake allocations and strengthen community involvement in network validation.
