Solana DEX Volume Hits All-Time High of $7.2B as $TRUMP Meme Coin Launch Sparks Market Frenzy

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.

Solana (SOL) experienced a record-breaking surge in decentralized exchange (DEX) trading volume on January 18, 2025, reaching an all-time high of $7.2 billion. This astronomical spike in trading activity was largely attributed to the highly anticipated launch of the $TRUMP meme coin on Solana.

According to data from CoinGecko, Solana's 24-hour DEX trading volume surged to an unprecedented level, reaching $7.2 billion. This remarkable surge coincided with the launch of $TRUMP, a meme coin inspired by former U.S. President Donald Trump. The debut of this meme coin on the Solana blockchain sparked a sharp increase in trading activity, attracting the attention of investors and traders throughout the market.

The launch of the $TRUMP token on Solana’s DEX platforms led to a massive surge in trading volume. As the market witnessed this sharp increase, there was a collective response to the meme coin's entry into the market. The 24-hour trading volume on Solana's DEXs pushed the market to new heights, reaching levels never seen before.

The $TRUMP token launch brought attention to Solana's ecosystem, with the meme coin attracting both excitement and skepticism. The coin's market capitalization surged to $8 billion in less than three hours. The value of $TRUMP soared by over 300%, rising from its initial price of $0.18 to $7.1, generating huge returns for early investors.

The token's success brought massive profits to investors, with one trader reportedly making $20 million in less than an hour.

$TRUMP is linked to Trump's 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, having 200 million coins available initially.

However, the project raised skepticism due to its ties to CIC Digital LLC and Fight Fight Fight LLC, which are affiliated with The Trump Organization. Despite the token's official website stating that it has no political affiliation, its association with Trump's brand and past ventures sparked concerns among some investors.

The token also raised questions about the project's credibility, with critics highlighting the risks involved in meme coins and the volatility of the cryptocurrency market. Recent security issues, such as hacks and account thefts, also heightened concerns among potential investors.

Nevertheless, the $TRUMP coin continues to captivate the crypto space, making headlines and generating immense interest. The surge in trading volume and market capitalization showcases the growing influence of meme coins on the market.

Solana's value also saw a significant increase, with analysts discussing the platform's long-term potential. Solana's price rose by 12.16%, indicating broader investor interest in the blockchain. While the future of the $TRUMP coin remains to be seen, its launch on Solana signaled a major development in the cryptocurrency landscape.