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Crypto News: Consensys, Uniswap, Solana Funded Trump’s Inauguration with Massive $239M, Records Show
According to recent filings from the Federal Election Commission (FEC), a surprising wave of political contributions from the crypto world has been revealed. Solana Labs, Uniswap, and Consensys were among the notable donors to former President Donald Trump’s latest inauguration fund.
In addition, a previous CNF report, as Solana faced a governance debate following the failure of SIMD-228, Solana pledged a discreet yet substantial $1 million, Uniswap CEO Hayden Adams contributed $245,000, and Consensys added $100,000. This was also shared in a tweet by the Coinspeaker X account community, detailing:
These contributions were part of the staggering $239 million raised for the event, which prominently featured corporate backers across multiple sectors.
Ripple, Coinbase, and Others Also Join the List
According to recent reports, the crypto industry’s presence went even deeper. Ripple Labs topped the crypto donation list with a hefty $4.9 million contribution, second only to poultry giant Pilgrim’s Pride Corp.
In addition, Coinbase, Kraken, Ondo Finance, and Robinhood also joined the donor roster, each contributing seven-figure amounts.
The donation pool was rounded out by tech behemoths like Apple and Meta, with both companies—and even Apple CEO Tim Cook—donating $1 million apiece.
On the other hand, AI leaders including OpenAI’s Sam Altman and Perplexity AI were also involved. While the U.S. government covers official inauguration proceedings, the surrounding festivities rely on privately raised funds via a Presidential Inaugural Committee.
Implication for Solana and the Market
Solana’s involvement in the event signals more than just political interest—it’s seen as a calculated move to cement its standing within the broader regulatory and financial ecosystem.
Industry analysts believe Solana is poised to benefit from these connections, especially as institutional interest in blockchain infrastructure grows.
Current Solana Price Snapshot
Besides the update on Solana’s real economic value plunging 90%, as reported by CNF, VanEck recently forecasted a $520 target for Solana by 2025, pointing to its increasing smart contract dominance and supportive macroeconomic trends like monetary expansion in the U.S.
At the time of writing, Solana (SOL) is trading at $142.12, reflecting an increase of 2.85% in the past day and 7.14% in the past week, according to CoinMarketCap. See SOL price chart below:
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