• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

$TRUMP Token Launch Impacts Solana and Cryptocurrency Market

user avatar

by Giorgi Kostiuk

2 months ago


The introduction of the $TRUMP memecoin on the Solana platform caused significant changes in SOL's price and showcased the blockchain's ability to handle increased demand.

$TRUMP Token and Its Impact on Solana

On January 17, 2025, Donald Trump introduced the $TRUMP memecoin on his online platforms. The token's price surged from $3 to $76.94, temporarily reaching a market cap of $15 billion. This event impacted Solana's value, which reached an all-time high of $275, indicating increased investor interest.

Network Activity Surge and Fee Spike

The sale of $TRUMP significantly increased activity on the Solana network, generating over 5 million transactions in a day. This highlighted the blockchain's capacity to cope with large transaction volumes. Transaction fees skyrocketed to unprecedented levels, with some users paying around 6,000 SOL to expedite their transactions.

Market Behavior: Retail and Institutional Investors

The emergence of the $TRUMP token provoked diverse reactions. Small investors actively sold assets amid volatility, while larger investors viewed it as an opportunity to increase their SOL holdings.

The launch of the $TRUMP token stirred market activity and demonstrated Solana's ability to manage high demands. Despite short-term fluctuations, Solana's prospects as a DeFi platform remain promising.

0

Share

Other news

Airdrop Tokens: How to Profit in 2025

Learn about airdrop tokens and their potential for growth in 2025. Opportunities to earn free tokens available now.

user avatarGiorgi Kostiuk

7 minutes ago

Malware Targets Bitcoin Python Library, Posing Risks to User Wallets

The Bitcoin Python library is threatened by malware, raising security concerns among cryptocurrency users.

user avatarGiorgi Kostiuk

7 minutes ago

Cardano and Bitcoin: How Integration Could Impact the Market

Cardano founder Charles Hoskinson shared plans for Bitcoin integration that may influence ADA price.

user avatarGiorgi Kostiuk

8 minutes ago

Litecoin Outlook: Price Could Surge If Support Holds

Litecoin may double in price if it holds a key support level. Discusses whale activity and ETF news impacting price.

user avatarGiorgi Kostiuk

18 minutes ago

OKX's Fine by FIAU: Reasons and Consequences

Malta's Financial Intelligence Unit has fined OKX for AML non-compliance. An overview of the situation and the exchange's next steps.

user avatarGiorgi Kostiuk

19 minutes ago

Chainlink Faces Challenges: Whale Impact and Critical Trendline

Chainlink experiences price volatility amid whale activity and testing of a crucial trendline at $12.93.

user avatarGiorgi Kostiuk

21 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.