- Trump’s Solana-based memecoin (TRUMP) surged 40% in 24 hours, reaching $23 and nearing its February high of $24.
- Trading volume for TRUMP exploded to $5.5B, far exceeding earlier daily volumes of under $1B this week.
- Bitcoin, Solana, and Ethereum are all up, as Trump’s pro-crypto stance fuels optimism across the market.
The TRUMP token, tied to President Donald Trump’s official Solana meme coin, just pulled off a massive 40% surge in the last 24 hours, pushing its price to $23, according to CoinGecko.
That rally brings TRUMP just shy of its February peak above $24, though it’s still far off its January 19 all-time high of $73—a price spike that happened just two days after its surprise launch.
No Clear Reason for the Pump, But Volume Is Exploding
There’s no obvious catalyst behind TRUMP’s surge, but trading volume has exploded.
- 24-hour volume now sits at $5.5 billion, compared to under $1 billion on multiple days earlier this week.
- No other major crypto has come close to TRUMP’s gains today—though Jupiter (JUP) and Raydium (RAY), both Solana-based, have jumped 17% and 14%, respectively.
Even XRP is making noise, climbing 13% to $2.79, its highest price since February 2. Meanwhile, Dogecoin is up 8%, marking its strongest level since February 3.
Crypto Boom Under Trump’s Second Term?
The crypto industry has been on fire since Trump’s return to office, with Bitcoin pushing to an all-time high of nearly $109,000.
- The administration’s pro-crypto stance has fueled optimism, especially after Trump’s past statements about keeping Bitcoin mining within the U.S..
- Bitcoin is currently up 2% to $98,440, while Solana is up 5% to $204, and Ethereum has climbed 4% to $2,759.
With meme coins and major cryptos alike rallying, Trump’s influence on the market isn’t fading anytime soon.
