The “OFFICIAL TRUMP” ($TRUMP) memecoin launched on the Solana blockchain on Jan. 18, 2025, igniting a frenzy in the cryptocurrency market. Announced by Donald Trump via Truth Social and X, the token experienced a staggering 490% price surge within 24 hours.
Within three hours of its debut, $TRUMP’s market capitalization skyrocketed to $8 billion, briefly ranking it among the top 30 cryptocurrencies. It currently holds a $5.7 billion market cap with a fully diluted value of $28.5 billion. The memecoin also recorded $12 billion in 24-hour trading volume, further fueling its meteoric rise.
This launch significantly boosted Solana’s ecosystem, drawing widespread attention to the blockchain for memecoin creation and increasing trading volumes across its network.
Source: Cointelegraph
