The token saw its market cap surge to .6 billion and the fully diluted valuation hit .2 billion.
On-chain data show many big purchases of the TRUMP token. According to Nansen, the biggest purchase of the token was about 7.9 million.
Solana DEX tokens like Raydium, Jupiter, and Orca prices were among the top gainers in the hours that followed.
Thanks to the full scale efforts of the teams, trading and verification went smoothly as it could have, not just on… https://t.co/yhjoksr5ky
There were 14 transactions worth over million in the last 24 hours, making it the biggest debut in the crypto industry. Roughly 150 investors with a smart money tag on Nansen bought the token.Raydium (RAY), the biggest decentralized exchange on Solana (SOL), rose to .95, its highest level since Dec. 31 and 5,730% from its lowest point in 2023. Its rally pushed its market cap to almost billion. — Jupiter 🪐 (@JupiterExchange) January 18, 2025
We worked closely with the @MeteoraAG team on ensuring an S tier launch for $TRUMP which is obviously one of the biggest launches in the history of crypto.
Most of these DEX networks saw a sharp increase in daily volume amid the meme coin’s popularity. Raydium’s daily volume rose to .31 rose to .31 billion, its highest daily gain on record.
Orca’s daily volume of .73 billion was also its highest increase on record, with most of this volume being related to the new Trump meme coin. Jupiter’s daily volume jumped by 27%, becoming the second-biggest player in the perpetual futures after Hyperliquid.
Jupiter, Raydium, and Orca have also done well because of the growing Solana ecosystem. According to CoinGecko, all Solana meme coins are valued at over billion, with their 24-hour volume rising to billion.
