In a stunning turn of events, the TRUMP token has skyrocketed by a staggering 250,000% in just 24 hours, leaving many altcoins trailing in its wake.
A new token has stolen the show in the crypto market with a 250,000% surge in just 24 hours, leaving even the most ardent memecoin enthusiasts stunned.
The TRUMP token, launched on a Solana sub-chain, has seen astronomical gains that put the memecoin mania of 2021 to shame.
While most altcoins struggled to gain a few percentage points amid a sluggish market, TRUMP soared to dizzying heights, dwarfing the gains of even the hottest memecoins during their peak moments.
This meteoric rise has captivated the attention of the crypto community, sparking comparisons to the ICO boom that propelled ETH from $1 to over $1,100. As TRUMP continues its relentless rally, many are left wondering if the crypto market is on the cusp of another memecoin bubble.
But TRUMP's impact extends beyond its own staggering gains. The token's rapid ascent is also having a ripple effect on Solana.
On-chain data reveals strategic moves by the TRUMP token team, channeling liquidity into Solana through Meteora's pools. The team executed $7 million in SOL purchases, mainly through USDC swaps for wrapped SOL (wSOL).
This buying spree coincides with a liquidity removal, indicating a strategic redeployment of funds as TRUMP's massive gains unfold.
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