Former President Donald Trump has launched a new cryptocurrency known as the $TRUMP meme coin on the Solana blockchain. Since its announcement on Friday, the coin has seen an astronomical rise in value, reaching a market capitalization of over $24 billion in a single day. This launch has sparked both enthusiasm among cryptocurrency enthusiasts for its rapid growth and skepticism regarding its purpose and long-term viability. Discussions about whether this is a genuine investment opportunity or a political strategy are prevalent across financial and crypto communities.
Donald Trump’s official meme coin ‘TRUMP’ has surged to nearly $14 bn market capitalization within hours of its launch, as per cryptocurrency trackers. U.S. President-elect unveiled Solana-based meme token early on Jan 18. Watch for all the details.
another major player, Solana (SOL), is gaining attention. With the TRUMP coin launched on the Solana blockchain, the platform is enjoying a surge in activity. Solana’s native token, SOL, has surged by an impressive 19% today, buoyed by strong market sentiment and a key bullish technical breakout.
Source: Coinmarketcap
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