TRUMP Cryptocurrency Launches with $10 Billion Market Cap in 24 Hours
Key Developments in Crypto Investments
- Trump launched his cryptocurrency, TRUMP, on Solana, achieving a $1 billion market cap within 90 minutes and surpassing $10 billion within a day.
- TRUMP is now ranked among the top 20 cryptocurrencies, alongside toncoin, sui, litecoin, and shiba inu.
- In its first three hours of trading, TRUMP was acquired by 110,000 addresses, with over 900,000 addresses holding it currently.
- Market volumes surged, but significant price drops were observed in most major cryptocurrencies following TRUMP's launch, despite BTC reaching $108,786.
- Solana experienced a new all-time high, rising over 20% amid TRUMP's release.
- AAVE and LINK rose 6% and 7.5%, respectively, linked to upcoming integrations with Trump’s DeFi platform World Liberty Financial.
- The WLF token sale raised an additional $200 million overnight, increasing cumulative sales to target $300 million.
TRUMP demonstrates potential for significant capital generation in the crypto space, reshaping market dynamics.