# Solana's Oval Office Opp

*Author: Bankless*
*Published: Jan 23, 2025*
*Source: https://www.bankless.com/fr/read/solanas-oval-office-opp-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/Frame-50567--11--2.png)](https://www.bankless.com/sponsor/frax-1737128738?ref=read/citizen-defi-play-the-meteora-trade&email=true)

  

Solana's Oval Office Opp
  

  
  Published on Jan 23, 2025

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Trump's Crypto Decree
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/Group-14---2025-01-23T181722.491.png)](https://www.bankless.com/dashboard)- 🇺🇸** Trump Announces Creation of Crypto Working Group.** Trump's latest executive order tasks czar David Sacks with [creating a working group](https://www.bankless.com/read/trump-announces-creation-of-crypto-working-group) to tackle regulation.
- **💸 Binance's CZ Returns to Rebranded Binance Labs as Investor.** The Binance founder is [done sitting on the sidelines](https://www.bankless.com/read/binances-cz-returns-to-rebranded-binance-labs-as-investor) after his brief prison term.
- **🚔** **Ledger Co-Founder Safe Following Kidnapping.** David Balland had been taken [from his home in France on Tuesday](https://www.bankless.com/read/ledger-co-founder-safe-following-kidnapping).
📸**Daily Market Snapshot: **Bids on a number of top AI Agent plays dropped Thursday, with AI16Z (-30% WoW) and VIRTUAL (-23% WoW) hit particularly hard. This happened as OpenAI debuted its first agent product, [Operator](https://www.youtube.com/watch?v=CSE77wAdDLg), which laid out the wide potential of agents but perhaps also highlighted how many of those opps could likely be realized by centralized LLM owners. 

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.60T
       

  
    
    ↗ 0.6%
    
  

   
    
    ↗ 2.3%
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $104,354
       

  
    
    ↗ 0.5%
    
  

   
    
    ↗ 4.5%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,334
       

  
    
    ↗ 2.9%
    
  

   
    
    ↗ 1.1%  

 

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DEEP DIVE

  
  

  Citizen-Only: Solana's Meteora Trade
  
   
     
     Bankless Analyst: 
     
       [
       
        Jack Inabinet](https://www.bankless.com/author/jack)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/image---2025-01-23T165719.524-1.png)](https://www.bankless.com/read/citizen-defi-play-the-meteora-trade)Solana was perhaps the biggest beneficiary of President Donald Trump’s recent foray into memecoins, and its Meteora exchange has been at the center of the madness, processing billions of dollars in transactions each day as traders rush to acquire TRUMP.

Meteora received the honor of being the initial source of onchain liquidity for TRUMP tokens, a potent first-mover advantage that allowed it to amass over $750M in new deposits and triple total value-locked overnight!

*Today, we dissect this rapidly growing tokenless exchange. 👇*

[Unlock the Alpha](https://www.bankless.com/read/citizen-defi-play-the-meteora-trade)

.  .  .

 
  
    
      
      CHEAT SHEET
    
    
  
  
    
Surf the Rainbow

    
  
 

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