• 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

10 months 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

Vitalik Buterin Unveils New Scaling Roadmap for Ethereum

chest

Vitalik Buterin unveils a new scaling roadmap for Ethereum to enhance DeFi's safety and efficiency.

user avatarFilippo Romano

Institutional Demand for Tokenized Real-World Assets Surges

chest

Ethereum sees a significant increase in tokenized real-world assets, driven by major institutions like BlackRock and Fidelity. Since January 2024, over $200 billion worth of these assets are now on-chain, strengthening Ethereum's long-term fundamentals despite short-term volatility.

user avatarLucas Weissmann

Elon Musk's Antitrust Lawsuit Against Apple and OpenAI Moves Forward

chest

A federal judge has allowed Elon Musk's antitrust lawsuit against Apple and OpenAI to proceed, focusing on market monopolization claims related to ChatGPT's exclusivity on iOS.

user avatarEmily Carter

OG Whale Sells 600 Million in Bitcoin Amid Market Uncertainty

chest

Owen Gunden, a prominent Bitcoin holder, sells a significant portion of his holdings, raising concerns and interest among analysts.

user avatarTomas Novak

Bitcoin Faces Resistance Below 105,000 Amid Mixed Market Sentiment

chest

Bitcoin struggles to reclaim higher supply levels as it remains caught between cautious optimism and selling pressure.

user avatarKaterina Papadopoulou

Ethereum Faces Significant Price Decline and Resistance Challenges

chest

Ethereum's price has struggled to stay above $3,350, leading to a decline that saw it dip below $3,250 and form a low at $3,153. Key resistance levels are identified at $3,350 and $3,500, while initial support is near $3,200 and $3,150.

user avatarMaya Lundqvist

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.