TRUMP's explosive 250000% token growth has sparked speculation of a new memcoin bubble.
The TRUMP team acquired
#Solana for $7 million dollars, driving up demand and driving up the price of
#SOL .
In a stunning event, the TRUMP
#token soared 250000% in just 24 hours, leaving many altcoins behind.
This unprecedented surge sparked comparisons to the ICO boom that raised
#Ethereum [ETH] from $1 to over $1,100, and the cryptocurrency market was once again raised to question whether we are at the top of the Mimcoin bubble. According to blockchain data, the TRUMP team wallet strategically purchased SOL for $7 million, adding momentum to the altcoin market
TRUMP tokens jumped 250000% in just 24 hours, with 3D screens As you can see, it is now on par with other altcoins.
While most altcoins accumulate within a narrow range of price movement and RSI, TRUMP has moved into a completely different zone, significantly outperforming the daily performance of its peers.
This surge reflects unprecedented speculative interest, surpassing the gains seen even during memcoin's biggest rally.
TRUMP's surge underscores its ability to dominate history while other tokens vie for attention.
recent Data shows a strategic move by the TRUMP token team: the team
purchased $7 million worth of SOLs, most of which came from the exchange of USDC for wrapped SOL (wSOL). This flurry of purchases coincided with the removal of liquidity, indicating a strategic reallocation of funds.
The surge in SOL prices is attributed to the success of TRUMP, which has sparked renewed interest in Solana.
TRUMP runs on the Solana memecoin blockchain prompting comparisons to the ICO bubble that fueled the rise of Ethereum.
TRUMP reached a staggering $8 billion market capitalization within hours of its launch.
this trend underscores Solana's role in the cryptocurrency landscape.
As memcoins have grown in popularity, SOL has become one of the ICO-era.
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