Trump Memecoin Price Sparks 648% Surge: How $TRUMP Is Boosting Solana Price

The post Trump Memecoin Price Sparks 648% Surge: How $TRUMP Is Boosting Solana Price appeared first on Coinpedia Fintech News

At a time when Republican leader Donald Trump

Donald Trump

Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election

President

known for his pro-crypto stance, is preparing to take the oath of office as the 47th President of the United States of America, the number of searches for “Buy Crypto” and “Buy Solana” on the Google Search platform has witnessed a massive surge.

Maybe, you are wondering what’s the relation between Trump’s inauguration and Solana. Actually, the connection is not between the inauguration and Solana but between a token released on January 18, 2025 and the solana blockchain. The Official Trump token, or $TRUMP, is a Solana-based meme token launched by Trump. Here is what you should know about the development. 

$TRUMP Meme coin’s Explosive Debut 

At the start of January 18, 2025, the day the meme coin was introduced, the price of the Official Trump token was around $4.29. By the close of that day, the market climbed to $32.13, marking a growth of 648.951%. At one point on January 19, the market touched an ATH of $73.43. Right now, the market stands at $51.89 – around 41.51% below the ATH. Since January 18, the market has seen a rise of 1,109.557%.

Notably, in the last one hour alone, the token has recorded a growth of nearly 11.4%, showcasing its immense growth potential in the coming hours.

Impact on Google Search Trends 

The massive growth of the Official Trump token has created massive excitement in the market. 

The number of searches for “Buy Crypto” and, especially, “Buy Solana’ on the Google Search platform has witnessed tremendous growth. 

Also Read :   How Donald Trump and Melania Trump Memecoin Launches Are Impacting the Crypto Market?   ,

Timing of the Launch and Market Impact 

As discussed earlier, the launch of $TRUMP coincided with the second presidential inauguration of pro-crypto political leader Donald Trump, who, during the presidential campaign, promised to introduce policies necessary to create a supportive ecosystem for the growth of the cryptocurrency sector.  

Experts think that the timing of the launch has enabled the meme coin to gain excellent visibility. 

Solana Market Performance: An Overview 

Trump’s meme coin launch has brought serious attention to the Solana market. On January 18, the Solana price experienced a massive surge of 19.10% – the largest single-day growth the market has witnessed in its recent price action history. On January 19, the SOL market touched a monthly peak of $295.34. In the last seven days, the market has seen a growth of 33.1%. 

Importantly, the market has reported a rise of 2.8% in the last hour alone.    

In conclusion, $TRUMP token’s explosive growth and its timing have driven immense attention to Solana. With significant gains in search interest and Solana’s market performance, the scenario highlights how blockchain and politics intersect.