Bitcoin

How $TRUMP Is Boosting Solana Price

At a time when Republican leader Donald Trump

Maybe you’re wondering what the Trump inauguration has to do with Solana. In fact, the link is not between the inauguration and Solana but between a token released on January 18, 2025 and the Solana blockchain. The Official Trump Token, or $TRUMP, is a Solana-based meme token launched by Trump. Here’s what you need to know about development.

The Explosive Debut of the $TRUMP Meme Coin

At the beginning of January 18, 2025, the day the meme coin was introduced, the price of the official Trump token was around $4.29. At the close of the day, the market rose to $32.13, a growth of 648.951%. At one point on January 19, the market reached an ATH of $73.43. Currently, the market stands at $51.89, approximately 41.51% below the ATH. Since January 18, the market has increased by 1,109.557%.

Notably, in the last hour alone, the token recorded a growth of almost 11.4%, demonstrating its immense growth potential in the hours to come.

The massive growth of the official Trump token has generated enormous excitement in the market.

The number of searches for “Buy crypto” and, in particular, “Buy Solana” on the Google search platform has seen considerable growth.

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Launch timeline and market impact

As previously reported, the launch of $TRUMP coincided with the second presidential inauguration of pro-crypto political leader Donald Trump, who during the presidential campaign promised to introduce the necessary policies to create an ecosystem favorable to the growth of the sector cryptocurrency.

Experts believe that the timing of the launch allowed the same coin to gain excellent visibility.

Solana Market Performance: An Overview

Trump’s coin launch attracted significant attention in the Solana market. On January 18, Solana price saw a massive 19.10% surge – the largest single-day growth the market has seen in its recent history of price action. On January 19, the SOL market hit a monthly high of $295.34. Over the past seven days, the market has grown by 33.1%.

Importantly, the market reported a 2.8% rise in the last hour alone.

In conclusion, the explosive growth of the $TRUMP token and its timing have brought immense attention to Solana. With significant gains in Solana’s search interest and market performance, the scenario highlights the intersection of blockchain and politics.

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FAQs

What is the TRUMP meme coin?

The TRUMP meme coin is a Solana-based token launched by Donald Trump, leveraging blockchain technology for massive growth and visibility.

How to buy the TRUMP meme?

To purchase the TRUMP meme coin, create a Solana wallet, fund it with SOL, connect to a Solana DEX, and trade for $TRUMP using SOL.

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