Sat Jan 18 21:23:27 UTC 2025: ## Trump’s New Meme Coin Soars Over 300% on Launch Day

**Washington D.C. -** A newly launched cryptocurrency, “$TRUMP,” surged over 300% on Saturday, January 18th, following its release by President-elect Donald Trump to celebrate his win. The coin’s market capitalization briefly reached a staggering $6.76 billion, with a peak price of $33.87, according to CoinMarketCap data. Trading volume also exceeded $7 billion during its peak.

The launch of the $TRUMP coin follows a trend of successful meme coins, including Dogecoin and Shiba Inu. The official website describes the coin as an “expression of support” for Trump’s ideals, but emphasizes it is not an investment opportunity.

Other Trump-related cryptocurrencies also saw gains, with “TRUMP MEME” experiencing a 74.62% increase, bringing its market cap to over $250 million. This surge mirrors the impact of Elon Musk’s recent endorsement of the “Kekius Maximus” meme coin, which saw a phenomenal 740.4% one-day gain after Musk changed his X platform handle to match the coin’s name.

The $TRUMP coin can be purchased using Solana (SOL), which itself experienced a 14.73% market cap increase to $122.4 billion on the same day, with Solana’s 24-hour trading volume soaring nearly 300% to $20.04 billion. Other meme coins also saw gains, with BONK and Fartcoin rising 10.77% and 17.65% respectively.

While the initial surge is impressive, investors are cautioned to proceed with due diligence and consult financial experts before making any investment decisions.

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