In a surprising move, former US President Donald Trump announced the launch of the OFFICIAL TRUMP (TRUMP) meme coin. The token quickly gained traction in the market, reaching a market cap of nearly $6 billion and becoming one of the top 30 largest assets. TRUMP's trading volumes also soared, reaching almost $10 billion on some platforms. This surge has had a positive impact on the network it operates on, as Solana's native token reached a new peak of $270. TRUMP now ranks as the fourth-largest meme coin, trailing only DOGE, SHIB, and PEPE. While TRUMP faces challenges in competing with well-established meme coins like DOGE, the high-profile endorsement from Donald Trump and the strategic tokenomics are seen as bullish factors for its success.



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