- TRUMP token surged nearly 200% to reach $73.43, entering top 15 cryptocurrencies by market capitalization.
- Major exchanges Binance and OKX listed TRUMP, with Coinbase planning to follow suit.
- TRUMP’s market cap reached $12 billion, positioning it as the third-largest meme cryptocurrency.
- The token’s success impacted Dogecoin, which declined 3% following TRUMP’s launch.
- Solana (SOL) achieved a new all-time high of $293, benefiting from TRUMP token’s momentum.
TRUMP Token Surges 200%, Major Exchanges Rush to List New meme coin
The Donald Trump-themed cryptocurrency TRUMP experienced a dramatic price increase, climbing from $25 to $73.43 between Saturday evening and early Sunday. The token, built on the Solana blockchain, has attracted significant attention from major cryptocurrency exchanges and investors, despite its recent launch.
Exchange Listings Fuel Growth
Binance, the world’s largest cryptocurrency exchange by trading volume, initiated TRUMP trading early Sunday. OKX followed suit, while Coinbase has added the token to its planned listings. These institutional endorsements helped propel the token’s market capitalization to approximately $12 billion.
Impact on Established Meme Coins
TRUMP’s rapid ascent has affected other meme cryptocurrencies. Dogecoin, the original meme cryptocurrency, experienced a 3% decline, dropping from $0.43 to $0.39. While DOGE maintains a higher market capitalization of $57 billion, TRUMP’s fully diluted value – which includes locked tokens scheduled for release over three years – now surpasses it.
Solana’s Record-Breaking Performance
The native token of the Solana blockchain, SOL, reached a historic peak of $293, representing an 11% daily increase and 43% weekly gain. This surge coincides with TRUMP’s selection of Solana as its underlying blockchain technology, demonstrating the network’s growing appeal for high-profile token launches.
The token currently trades at $59, maintaining its position as the third-largest meme cryptocurrency by market capitalization, behind Shiba Inu (SHIB) and Dogecoin. The remaining 80% of TRUMP tokens are locked in a smart contract with a scheduled release over the next three years, a mechanism designed to manage supply and potentially support long-term price stability.
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