Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.

TRUMP coin skyrocketed over 300 per cent on the first day, check out the cryptocurrency's track record, and whether or not it is a gimmick or a real cryptocurrency-backed by President-elect Trump.

Surging token had a market cap above $6 billion as of Saturday evening.

Trump plans to issue an executive order prioritising cryptocurrency, establish a Bitcoin reserve, and create a crypto advisory council to reduce regulatory hurdles

The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.

( MENAFN - Khaleej Times) As the White House is set to receive Donald trump as the 47th President on Monday, the incoming leader has launched a 'meme coin.' On January 18, Trump took to X to invite buyers to join the community. What does it mean, and how can you get your hands on one?

President-elect Trump has launched his own crypto token called Trump coin. In less than 24 hours, the coin has had a 12,000% gain and has seen billions in trading volume.

US President-elect Donald Trump launched his official Trump meme coin on Saturday, January 18. The meme coin gained nearly 300% on the first day. Take a look at the gains compared to the other meme coins and cryptocurrencies.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

In the few hours of its launch, the new coin's market cap has reached a whopping $4.25 billion, surging over 240%. The new coin has taken the crypto world by the storm. The Trump meme coin has also become a trending topic on the major social platforms globally.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.