Crypto traders have made millions following the launch of TRUMP, a new Solana-based memecoin introduced by President-elect Donald Trump on January 17, shortly before his inauguration. Within hours, TRUMP reached a market cap of nearly $9 billion, surpassing other popular memecoins. Early investors quickly profited; for instance, one trader turned a $1 million investment into over $2 million by acquiring 4.52 million TRUMP tokens shortly after launch. Another investor turned $1.1 million into $70 million in under four hours. Large investors also entered the market, with one whale buying over $14 million worth of TRUMP. As of the report, TRUMP was trading at $18.82 with a market cap of $4.28 billion, reflecting an impressive 10,222% increase since launch. The project aims to release a total of 1 billion tokens over three years, with 20% available at launch and others gradually released. TRUMP’s launch also boosted Solana’s decentralized exchange volumes to record levels, with significant trading activity observed across various platforms.

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