Trump's Solana Memecoin $TRUMP Surges 574% to $50 Billion Market Cap with $7 Billion Volume and 781,223 Wallets

Jan 19, 2025, 06:10 PM

Donald Trump's newly launched Solana-based memecoin, $TRUMP, has experienced a remarkable surge in value, skyrocketing 574% within the first 12 hours of its launch. The coin recorded over $7 billion in on-chain trading volume within 24 hours, surpassing the combined trading volume of Ethereum and its Layer 2 solutions. As of now, $TRUMP's market capitalization has reached approximately $50 billion, making it one of the largest memecoins available. The cryptocurrency has flipped other popular memecoins, including $PEPE and $SHIB, to become the second-largest memecoin by market cap. Trump's stake in the coin is valued at over $55 billion, significantly boosting his net worth. Notably, the coin has drawn in a record 781,223 wallets, with six wallets holding over $600 million each. The trading frenzy has also led to $TRUMP outpacing Solana in trading volume, reflecting the volatile nature of the memecoin market and growing investor interest.