The “Ethereum-killer” Solana is once again making headlines. The token recently broke its all-time high, thanks to some surprising memecoin news. Now, the upcoming inauguration of Donald Trump is expected to boost it even higher, as shown by its technicals.
At the same time, Solana’s strong performance is indicative of a greater trend in crypto assets. One of the likely winners will be TON, especially since the launch of is Elluminex platform.
Solana Breaks New ATH Beyond $270
The Solana (SOL) is still ongoing, and the coin looks like it’s not losing steam. Just days ago, Solana reached a new all-time high of $276.79. Since stabilizing to $271.45, SOL recorded a 45.64% price increase in the last week. Now, there are signs that the token will continue to go up.
The bulk of this increase came after the launch of a Trump memecoin on the network. The “Official Trump” (TRUMP) memecoin was launched by the incoming US President Donald Trump. The choice of Solana, while not surprising, boosted the token in the markets.
For one, an earlier supposed Trump token was also launched on Solana. In June 2024, “pharma bro” Martin Shkreli launched his own TrumpCoin (DJT) token, supposedly with Trump’s son Barron. That same token was also launched on Solana. However, despite its recent price bump, the DJT token is down 95% since its ATH in 2024.
Source: TradingView
With Trump’s inauguration looming, traders expect crypto assets to rise even further. This is especially true for Solana, as its technicals show, indicating a strong buy. Moving averages, in particular, which indicate momentum, are extremely bullish on Solana.
Elluminex Set To Boost TON’s Major Growth
Solana is not the only asset expected to see major gains in 2025. Trump’s inauguration is expected to boost other major assets, including TON. This token has seen 129.75% growth year over year, to its current price of $5.10.
Still, TON has some major headwinds. For one, technicals show a completely different story for Solana. Moving averages are all above its current price, indicating a strong sell signal. Oscillators are also indicating sell signals.
Source: TradingView
A likely reason for this is the liquidity issues for TON. So far, TON was missing a major DEX on its network, which is hurting liquidity. This is what Elluminex (ELX) is trying to solve. The Elluminex is building a dedicated hub for TON, which could put its DeFi ecosystem in overdrive.
Elluminex DEX will offer self-custodial trading, with low slippage, thanks to robust cross-chain swaps. With bridges to over 40 blockchains, Elluminex will connect TON to all major networks. This will significantly boost TON’s liquidity.
The expected effect is similar to what happened to Solana after the launch of Raydium. Notably, SOL’s price rose from $1.5 to $250 in 2021, the same year Raydium launched. With more liquidity coming into the network, traders expect TON to turn around in 2025, reaching new all-time highs.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
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