The cryptocurrency market saw a significant shake-up as former President-elect Donald Trump launched the official $TRUMP meme coin to celebrate his victory as the 47th President of the United States on January 18. The token, introduced as a symbol of support for Trump’s ideals, surged over 300% post-launch, achieving a staggering market capitalisation of $6.76 billion, according to CoinMarketCap.
On the same day, trump coin price reached a peak value of $33.87, with trading volumes soaring past $7 billion. This remarkable rally positions the coin among the top-performing meme tokens in crypto history, alongside established names like Dogecoin (DOGE) and Shiba Inu (SHIB).
According to the official website, $TRUMP is not promoted as an investment opportunity but serves as a cultural statement embodying Trump’s vision. Buyers can acquire the coin in exchange for Solana (SOL), which also saw a 14.73% market cap boost, reaching $122.4 billion as of January 18.
Other Rising Meme Coins
The meme coin trend continues to thrive with notable gains from:
- TRUMP MEME, which surged 74.62% to $0.0004459, achieving a market cap of $250 million.
- Kekius Maximus, which rallied an extraordinary 740.4% in 24 hours and recorded 4,780.5% weekly gains. However, the market cap has since settled at $44.99 million.
- Solana (SOL), whose trading volume increased 300%, hitting $20.04 billion at a price of $251.28 per token.
- Other niche tokens like BONK and Fartcoin gained 10.77% and 17.65% respectively.
