KEYTAKEAWAYS
- TRUMP's market cap surpasses PEPE, becomes third largest meme coin
- TRUMP lists on major exchanges, trading volume continues to rise
- SOL price hits new high of $273.09 per token
- Solana chain's TVL reaches $115.5B, accounting for 9.23% of total DeFi TVL, hitting all-time high
CONTENT
TRUMP’s market cap surpasses PEPE, becomes third largest meme coin. TRUMP lists on major exchanges, trading volume continues to rise. SOL price hits new high of $273.09 per token. Solana chain’s TVL reaches $115.5B, accounting for 9.23% of total DeFi TVL, hitting all-time high.
TRUMP’S MARKET CAP SURPASSES PEPE, BECOMES THIRD LARGEST MEME COIN
According to CoinMarketCap data, TRUMP’s price reached $55.03 per token, up 191.25% in 24 hours. TRUMP’s circulating market cap has reached $11.43 billion, surpassing PEPE to officially become the third-largest meme coin. The achievement of over $11 billion in market capitalization came just two days after the $TRUMP token launch.
Source: CoinMarketCap
On January 18th, 2025, President-elect Donald Trump suddenly announced the launch of his official meme coin “$TRUMP” through social media. This news quickly sparked enthusiastic responses in the cryptocurrency market, with many traders rushing to buy, causing the coin’s market value to surge rapidly in a short time, becoming one of the most watched crypto projects currently.
TRUMP TOKEN ECONOMICS
According to the GetTrumpMemes website, TRUMP has a total supply of 1 billion tokens, with only 200 million tokens circulating at launch. The remaining 800 million will gradually unlock over the next 3 years.
Source: TRUMP
TRUMP is issued on the Solana chain. The token commemorates Trump’s heroic gesture of raising his fist and shouting his iconic battle cry “FIGHT FIGHT FIGHT” after the assassination attempt on July 13, 2024. GetTrumpMemes aims to express support for and participation in the ideals and beliefs embodied by the “TRUMP” symbol and its related artwork, and is not intended to be an investment opportunity, investment contract, or the subject of any type of security.
The Trump Group’s affiliates, CIC Digital LLC and Fight Fight Fight LLC, jointly own 80% of the Trump Cards (context suggests this refers to TRUMP tokens), subject to a 3-year unlock schedule. Fight Fight Fight LLC’s owners, CIC Digital LLC and Celebration Cards LLC, will receive transaction revenue generated from Trump Cards trading activity.
Source: TRUMP
Initial TRUMP purchases must be made through Moonshot, where users can buy using fiat or cryptocurrency. Traditional payment methods include Apple Pay, Visa, Mastercard, and Venmo. For cryptocurrency payments, options include USDC, SOL, and other cryptocurrencies.
TRUMP LISTS ON MAJOR EXCHANGES, TRADING VOLUME CONTINUES TO RISE
On January 18th, major crypto exchanges including Binance, Kraken, KuCoin, Bybit, HTX, Bitget, and MEXC all listed TRUMP. Multiple decentralized exchanges (DEX) such as Raydium, Meteora VD, and Orca also joined the TRUMP trading matrix.
Subsequently, leading exchanges including Binance, Bybit, Bitget, Phemex, and BIT quickly launched TRUMP perpetual futures trading. On January 19th, TRUMP’s daily trading volume reached $12.36 billion.
Source: CoinMarketCap
SOL MARKET CAP AND SOL CHAIN TVL HIT NEW HIGHS, WHILE MEME CONCEPT TOKENS GENERALLY SLUMP
On January 19th, SOL price reached a new high of $273.09 per token. TRUMP’s issuance on Solana (SOL) and its excellent price performance have made more people aware of the Solana public chain ecosystem’s performance advantages and community strength. Meanwhile, MEME concept tokens are generally underperforming. Today, mainstream MEME coins including DOGE, SHIB, PEPE, PENGU, and WIF all experienced varying degrees of price decline within 24 hours.
Source: CoinMarketCap
In the DeFi sector, Solana chain’s TVL has reached $11.55B, accounting for 9.23% of total DeFi TVL, reaching a historic high. Driven by TRUMP’s popularity, Solana chain’s mainstream protocols (DApps) have generally seen increases in TVL, with Jito’s TVL up 16.97% daily, Raydium’s TVL up 14.75% daily, and Marinade’s TVL up 13.35% daily.
Source: DefiLlama
While it remains uncertain whether the “official Trump token” (TRUMP) can maintain its current strong price momentum, its impact on the Solana ecosystem is very evident. Solana’s position in the public chain sector is continuously strengthening, bringing greater competition and adjustment to the Ethereum ecosystem. This is likely to encourage many projects to choose Solana as their first choice when launching. If the U.S. Securities and Exchange Commission approves a Solana spot Exchange-Traded Fund (ETF), the Solana ecosystem might have an even brighter future ahead.
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