Solana-Based Token Sparks Frenzy in Crypto Market
President-elect Donald Trump has launched an official meme coin, $TRUMP, which has taken the cryptocurrency market by storm, reaching a staggering $14.5 billion market capitalization within hours of its announcement.
Explosive Growth and Market Response
Unveiled on Trump’s Truth Social account, the meme coin saw unprecedented interest, with its value surging 4,200% in the first two hours. A trader reportedly turned $1.1 million into $23 million within just 90 seconds, showcasing the coin’s meteoric rise.
The token, launched on the Solana blockchain, has become a trending topic on social media, triggering debates, excitement, and FOMO among investors.
Market Stats and Impact
With 200 million tokens in circulation, $TRUMP has already achieved $1 billion in trading volume, cementing its place as a phenomenon in the crypto world. Despite concerns about account security and sustainability, the overwhelming market response has solidified $TRUMP as one of the most talked-about assets in the digital currency space.