Trump Meme Coin Launch Sparks Soaring Gains for Solana DEX Tokens!

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The prices of tokens on Decentralized Exchanges (DEX) rose at the same time as the introduction of what’s being referred to as the “official” Trump meme coin, launched on the Solana platform.

In the ensuing hours, the prices of Decentralized Exchange (DEX) tokens such as Raydium, Jupiter, and Orca on the Solana network experienced significant increases.

Raydium, the largest decentralized exchange on Solana, reached an all-time high of $6.95 since December 31st, marking a staggering increase of approximately 5,730% from its lowest point in 2023. This surge significantly boosted its market capitalization to nearly $2 billion.

On the blockchain, Jupiter (JUP), the continuously operating exchange of the largest size, increased to $0.85, boosting its market capitalization to a staggering $1.1 billion. Meanwhile, Orca (ORCA) saw an impressive surge to $3.85, resulting in a massive jump in its daily trading volume by 50%, reaching approximately $52 million.

Upon the announcement of the launch of the Official Trump meme coin on the Solana blockchain by the incoming President, me as an analyst, have observed a noticeable surge in market activity.

Here’s your latest official meme featuring President Trump! Let’s toast to the values we hold dear: Victory! Dive into my unique Trump-centric community. Grab your $TRUMP tokens today by visiting – Enjoy yourself!

— Donald J. Trump (@realDonaldTrump) January 18, 2025

As a researcher, I’ve noticed an impressive increase in the market capitalization of the token I’m studying, which has now reached a staggering $3.6 billion. Moreover, its fully diluted valuation has soared to an astounding $18.2 billion.

Many Decentralized Exchange (DEX) networks experienced a significant surge in their daily trading volumes due to the hype surrounding the meme coin. Notably, Raydium’s daily volume peaked at an all-time high of $5.31 billion, marking its largest single-day increase ever.

We collaborated closely with the MeteoraAG team to guarantee a top-tier debut for $TRUMP, undoubtedly one of the most significant crypto launches ever. Thanks to the combined efforts of both teams, transactions and verifications were carried out efficiently, without a hitch, not just on…

— Jupiter 🪐 (@JupiterExchange) January 18, 2025

1. On a daily basis, Orca saw a record-breaking increase of $2.73 billion, largely due to the new Trump meme coin. This surge made it the highest daily volume ever recorded for Orca. Meanwhile, Jupiter’s daily volume experienced a 27% rise, positioning it as the second-largest player in perpetual futures, trailing only Hyperliquid.

Data from blockchain transactions indicate numerous large-scale purchases of the TRUMP token. As reported by Nansen, the largest single transaction amounted to approximately $117.9 million.

In the past day, there were 14 significant transactions totaling more than $14 million, marking a record-breaking entrance into the cryptocurrency market. Approximately 150 investors, identified as ‘smart money’ by Nansen, have recently purchased the token.

The value of the TRUMP token has risen due to speculation that he will assume office as President on Monday, allowing him to shape policies related to cryptocurrency. Trump intends to focus on U.S.-born crypto initiatives and place the sector at the forefront of his administration’s priorities.

Despite the upcoming inauguration of Trump next week, there remains uncertainty about whether the token will maintain its success. Typically, meme coins surge at first due to retail investors’ eagerness to avoid missing out, but later decline when savvy investors and insiders begin to offload their holdings.

Jupiter, Raydium, and Orca have thrived due to the expanding Solana network. As per CoinGecko, the total market value of all Solana meme coins exceeds $22 billion, with a 24-hour trading volume reaching $11 billion.

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2025-01-18 15:44