‘Trump Coin’ surges past $30 American trading hours, Solana’s DEX volume hits ATH

The new ‘Trump coin’, launched on the Solana chain, surged to over $30 less than 24 hours after its launch. The meme token was only introduced at 9:44 PM ET on Friday, but analysts are already hinting that this could become the biggest meme coin in history.

Solana’s DEX volume has even reached its all-time high.

Trump coin rises by over 12000% in just a few hours

According to the Kobeissi Letter, Donald Trump’s meme coin has increased by over 12,000% since its launch, rising to $30.7. The coin has even amassed $6 billion in market capitalization and $30 billion in fully diluted value. Kobeissi also revealed that the coin only started with a $10,000 investment, whose value has quickly grown to about $1.2 million.

The meme coin was only launched late Friday night and so far has earned multiple achievements, even its Google search interest is at an all-time high in the United States. As of early morning(GMT+3) on Jan 18, 2025, search interest was at 100 index points.

Moreover, multiple investors are still engaging with the coin. The Kobeissi letter even posted:

It will be interesting to see how this all unfolds as the coin is still under 1 day old. Millions of dollars of volume are flowing per minute with hundreds of trades at $1M+.

Kobeissi letter

One trader even invested about $1.1 million in the Trump meme coin, and his profits have quickly spiraled to over $119 million. Another trader even raised about $300,000 from his $800 investment in the meme coin.

Solana’s DEX 24-hour trading volume also hit $11.4 billion, with its market share close to 50%.

Some speculate that releasing more TRUMP tokens in the market could cause it to plummet

The TRUMP meme token has already planned its emission schedule to ensure its maximum supply to the market.

However, critics believe the coin could plummet to $0 once the tokens are entirely released to the market. Others think Trump’s team has rolled out a gradual emission schedule that could work well.

So far, only 20% of the tokens are circulating in the market, but the question remains whether demand will match supply when all the remaining tokens are added.

For the first 1-3 months, the Trump coin will have no additions to the market. Then, in the next 4-6 months, 16.67 million tokens will be released each month. 25 million tokens per month will be released in 7-12 months before settling for 33 million tokens per month in 13-36 months from launch.

Just recently, Donald Trump acknowledged the coin’s success by reposting Eric Trump’s endorsement. Eric Trump said he was incredibly proud of what they continue to accomplish in crypto. 

However, the asset’s explosive debut and the unprecedented buzz around it underscore the growing intersection of cryptocurrency, political influence, and meme culture. With millions of dollars in volume trading every minute and Solana’s ecosystem hitting new highs, all eyes will remain on the Trump coin’s trajectory in the days ahead.