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

TRUMP Token Strengthens Solana's Position

user avatar

by Giorgi Kostiuk

a year ago

The recent launch of the TRUMP memecoin has triggered a significant boom in the Solana ecosystem, leading to increased interest and token prices.

Launch of TRUMP Token

The surprising launch of the TRUMP memecoin on the Solana blockchain sparked a wave of interest in the crypto community, significantly boosting the value of SOL tokens. The SOL trading volume surged from $3 billion to over $26 billion in a single day, contributing to a 46% weekly gain.

Impressive Rise of TRUMP

The price of the TRUMP token surged from just a few cents to $14 within hours of its launch, sparking rumors about its connection to Donald Trump or potential scam allegations. Despite this, excitement surrounding the token continued to grow, with its price rising to over $44 by Sunday, making it one of the top three memecoins by market value.

Creators Behind TRUMP Token

The TRUMP token was developed by a team involving key figures from the Solana ecosystem. Its launch was managed by CIC Digital LLC, associated with the Trump Organization, and Fight Fight Fight LLC, which together hold 80% of the tokens with a lock-up period of over three years. This new initiative has sparked renewed interest in the Solana blockchain.

The launch of the TRUMP memecoin has significantly impacted both the growth of Solana and the overall interest in its ecosystem, demonstrating its vibrancy and relevance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BlackRock: Driving Returns Through Low-Carbon Transition

chest

BlackRock is leveraging the low-carbon transition as a primary driver of portfolio returns.

user avatarGustavo Mendoza

Nuveen TIAA: Setting the Standard for Verified Impact Investing

chest

Nuveen TIAA has emerged as a leader in responsible investing, managing approximately $90 billion in specialized assets and developing a Climate Solutions Investing Framework under CEO Amy O'Brien.

user avatarMiguel Rodriguez

Brookfield Asset Management: A Leader in Decarbonization Efforts

chest

Brookfield Asset Management is recognized as a leader in decarbonization, managing around $900 billion in assets and focusing on renewable energy and private equity.

user avatarRajesh Kumar

Polygon POL Price Experiences Pullback Amid Workforce Reduction

chest

Polygon POL price is experiencing a pullback as the crypto market slows, following reports of workforce reductions at Polygon Labs.

user avatarLuis Flores

China Injects 185 Trillion into Markets, Sparking Global Optimism

chest

China's central bank injects 185 trillion yuan into the financial system to stimulate economic recovery.

user avatarArif Mukhtar

The Impact of Musk's Departure on OpenAI's Funding Strategy

chest

Musk's resignation from OpenAI marked a pivotal shift in the organization's funding approach, leading to a focus on traditional venture capital.

user avatarSon Min-ho

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.