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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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#$TRUMP Launches Exclusively on Gate Pilot
Donald Trump Officially Launches His Memecoin TRUMP on Solana: A New Milestone for the Crypto Market?
Former U.S. President Donald Trump has made a surprising move into the cryptocurrency world by launching his own memecoin, TRUMP, on the Solana blockchain. In just four hours, TRUMP’s market cap soared past $15 billion, signaling a massive influx of liquidity into the markets.
Was the Account Compromised?
Speculation has arisen about the possibility of Donald Trump’s account being compromised, but no official confirmation has been provided, even hours after the launch. Meanwhile, Solana’s 24-hour decentralized exchange (DEX) trading volume skyrocketed to an all-time high of over $7 billion, highlighting the unprecedented hype around TRUMP.
Temporary Market Domination?
TRUMP’s explosive debut has seemingly absorbed significant liquidity from the broader crypto market, with major altcoins like BTC, ETH, and XRP experiencing notable declines. This may suggest that traders are liquidating their long-term holdings to buy into TRUMP. However, experts believe this trend won’t last long, potentially opening up opportunities to accumulate other altcoins.
Memecoins: Validated by a Global Icon?
Despite frequent criticism of memecoins for their lack of fundamentals, TRUMP’s success may mark a turning point for community-driven assets in the Web3 space. Within hours, TRUMP broke into the top 50 cryptocurrencies by market cap, reaching approximately $2.86 billion, with its price surging over 120%.
While some analysts view this rally as a short-term phenomenon, others see the potential for even greater developments. The coming weekend could be pivotal in determining how liquidity flows across the markets.
Conclusion: A Revolution or a Passing Trend?
TRUMP’s launch has undeniably shaken up the market, but the question remains: is this a sustainable trend or just a fleeting craze? Regardless, Donald Trump’s entry into the crypto space highlights the growing influence of public figures and community-led trends in Web3.