Crypto traders bag millions as Trump’s Solana memecoin sparks frenzy
TRUMP, a Solana-based memecoin linked to President-elect Donald Trump, launched on January 17, achieving a market cap of nearly $9 billion shortly after its introduction. The token surpassed other memecoins like PEPE and BONK. High-profile trades included a wallet named “LeBron” turning a $1 million investment into over $2 million and another trader converting $1.1 million into $70 million in under four hours. Large investors, or "whales," also participated, with one withdrawing over $14 million to buy TRUMP tokens. As of the latest data, TRUMP trades at $18.82, with a market cap of $4.28 billion and a trading volume of $1.71 billion across 227,625 transactions. The total supply is 1 billion tokens, with 200 million unlocked at launch. The project is tied to Trump's NFT ventures, with CIC Digital LLC receiving 80% of the total supply. The launch increased Solana's DEX volumes to a record $12.9 billion within 24 hours.
