Solana Surges to Record $7.2B DEX Volume, Driven by $TRUMP Coin
- Solana recorded $7.2B DEX volume on January 18, 2025.
- $TRUMP coins release triggers a massive spike in trading activity.
- $TRUMP market cap surges to $8B within hours of launch.
On January 18, 2025, Solana witnessed a massive surge in DEX trading volume, reaching an all-time high of $7.2 billion. This unprecedented spike coincided with the launch of the $TRUMP meme coin, driving record market activity and excitement.
Solanas 24-hour DEX volume reached $7.2B
Solana has achieved an all-time high $7.2 billion in 24-hour decentralized exchange (DEX) trading volume. This surge occurred on January 18, 2025 which was attributed to the launch of $TRUMP, a meme coin inspired by former U.S. President Donald Trump. The $TRUMP tokens debut on the Solana blockchain sparked a sharp increase in trading activity, attracting attention from investors and traders.
The sharp increase in trading volume on Solanas DEX platforms coincided with the $TRUMP tokens release. The market saw a massive surge in trading activity, pushing the volume to unprecedented levels.
The $TRUMP tokens launch brought attention to Solanas ecosystem, with the meme coin attracting both excitement and skepticism. The coins market capitalization surged to $8 billion in under three hours. The value of $TRUMP surged over 300%, from its initial price of $0.18 to $7.1, generating huge returns for early investors.
The tokens success has led to massive profits for investors, including a trader who made $20 million in under an hour.
$TRUMP is tied to Trumps rallying cry, Fight, Fight, Fight, which he reportedly shouted following a 2024 assassination attempt. The meme coin launched with a total supply of 1 billion coins, with an initial 200 million coins available.
However, the project has raised skepticism due to its ties to CIC Digital LLC and Fight Fight Fight LLC, affiliated with The Trump Organization. Although the tokens official site claims it has no political affiliation, the association with Trumps brand and controversial product launches has fueled concerns among some investors.
Additionally, the token has raised questions about the projects credibility. Critics have highlighted the risks associated with meme coins and the volatile nature of the cryptocurrency market. Additionally, recent security issues such as hacks and account thefts, have raised concerns among potential investors.
However, $TRUMP coin continues to capture attention and make headlines in the crypto space. The surge in trading volume and market capitalization underscores the growing influence of meme coins on the market.
Solanas value has also shown significant gains as analysts speculate about the platforms long-term potential. Solanas price increased by 12.16%, indicating broader investor interest in the blockchain. Although the $TRUMP coins future remains unclear, the surge in trading volume signals a major shift in the cryptocurrency landscape.
Read more: https://www.tronweekly.com/solana-surges-in-24-hour-dex-trading-volume/
Text source: TronWeekly
