As of 7 a.m. on the 20th, Solana was up 9.4% from 24 hours ago on CoinMarketCap, a global coin price relay site.
It surged 41% to $273 (about 42,000 yen). Solana had previously surged to $275, hitting a new all-time high.
This is because TrumpCoin was issued based on the Solana ecosystem.
On that day, Solana's trading volume surged to $26 billion, up from just $3 billion the day before, pushing it into fifth place in market capitalization.
TrumpCoin was launched on the 17th, just before Trump's official inauguration, and its market capitalization exceeded $10 billion in just one day, becoming the most popular meme coin.
At the same time, Trumpcoin was up 103% from 24 hours ago, at $53.67 (approximately 8,300 yen). The coin had risen by approximately 900% the previous day.
Trump posted a tweet on his social media account "Truth Social" saying, "Here is my new official Trump meme! Celebrating victory."
"It's Trump Coin!" he said, announcing the official launch of Trump Coin. According to the BBC, the coin will be created by a company affiliated with the Trump Organization and a newly established company called Go for it.
It was jointly issued by Go for it and Go for it. The issuers revealed that about 200 million have been issued, with a further 800 million to be issued over the next three years.
"This Trump meme commemorates a leader who never backs down, no matter what adversity he faces," the publisher added.
As Trumpcoin soars, its market capitalization is now at $10.6 billion (approximately 1.6547 trillion yen). This is the 7th largest market capitalization.
It is the second largest meme coin after DoZicoin, which is ranked in the top 10. The meme coins are ranked in the order of market capitalization as follows: DoZicoin, TrumpCoin, Shibainu, and Pepecoin.
Its overall market capitalization ranking is 7th, Trumpcoin is 14th, Shibainu is 17th, and Pepecoin is 26th.
2025/01/20 09:52 KST
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