Donald Trump's official memecoin, issued on the Solana blockchain, has caused a surge in activity within the Solana ecosystem. The native SOL token reached new highs above $275 as demand and sentiment for SOL increased due to the issuance of the TRUMP token. SOL trading volumes have dramatically increased, with weekly gains reaching over 46%. The token launch was organized by CIC Digital LLC and Fight Fight Fight LLC, both affiliates of the Trump Organization, with Trump himself holding 80% of the tokens. The price of the TRUMP token experienced a rapid increase, reaching $14 in just a few hours, causing confusion over its authenticity. The TRUMP token is now the third-largest memecoin by market capitalization, behind dogecoin and shiba inu.



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