The influx of USDC is occurring alongside upcoming decisions regarding Solana's ETF filings, which could enhance SOL's perceived value, especially as it is currently viewed as undervalued based on on-chain activity.

The growth of USDC on Solana began in late 2024, driven by stricter regulations on Tether (USDT) in the Euro Area, signaling a shift in stablecoin demand.

The $TRUMP token launched on January 18, 2025, coinciding with a surge in trading volumes for $USDC pairs on the Solana blockchain.

In the wake of the launch, trading volume for $TRUMP on decentralized exchanges skyrocketed to $20 million within the first 24 hours, a significant increase from the average of $5 million prior to its debut.

As of January 22, 2025, the trading volume for the $SOL/$USDC pair reached $250 million, reflecting a 25% increase from the previous day's $200 million, indicating robust market activity.

Following the USDC inflows, SOL's price recovered to $253.12, although it remains below the anticipated rally target of $300.

Technical indicators for $TRUMP show potential overbought conditions with a Relative Strength Index (RSI) of 72, while the MACD suggests bullish momentum for both $TRUMP and SOL.

The number of unique addresses interacting with $TRUMP surged from 1,000 to 5,000 within the first 24 hours, and then to 15,000 within 48 hours, indicating a growing interest in the token.

Rising transaction fees on Solana, which increased by 10% during this period, highlight the network congestion that traders must navigate.

Despite the increased liquidity, users faced challenges due to congestion on the Solana network, leading to delayed transactions and missed trading opportunities.

USDC's supply has surged to over 51 billion tokens, with a net addition of 959.4 million tokens in the last month, reflecting changing trading dynamics.

Total stablecoin liquidity on Solana has surpassed $10 billion, breaking previous records and revitalizing DeFi activity, particularly on decentralized exchanges.