- The explosive 250,000% rally of the TRUMP token sparked speculation about a new memecoin bubble.
- $7 million in Solana purchases by the TRUMP team boosted demand and fueled SOL price surge.
In a shocking turn of events, the TRUMP token has skyrocketed by a staggering 250,000% in just 24 hours, leaving many altcoins in the dust.
This unprecedented rally has drawn comparisons to the ICO boom that propelled Ethereum [ETH] from $1 to over $1,100, raising the question: is the cryptocurrency market on the verge of another memecoin bubble?
Beyond its own meteoric rise, the TRUMP token is having a ripple effect on Solana, with on-chain data revealing the strategic purchase of $7 million worth of SOL by the TRUMP team wallet further boosting the altcoin’s market momentum.
TRUMP Token: 250,000% Surge That Outshines the Market
Source: Alpharact
The TRUMP token’s 250,000% surge in just 24 hours puts it in a league of its own, as evidenced by the 3D analysis.
While most altcoins are clustered within a narrow band of price and RSI movements, TRUMP has skyrocketed into a completely separate zone, far outperforming the daily performance of its peers.
This dramatic rise reflects unprecedented speculative interest, eclipsing gains seen during even the biggest memecoin rallies.
TRUMP’s rapid rise highlights his ability to dominate the narrative, leaving other figures scrambling for attention.
SOL’s $7 million purchase creates momentum
Source: X
Recent data reveals a strategic move by the TRUMP token team, channeling liquidity into Solana through Meteora pools.
The team executed $7 million in SOL purchases, primarily through USDC swaps for wrapped SOL (wSOL). This buying spree coincides with a liquidity removal, indicating a strategic redeployment of funds.
The impact of TRUMP on the demand for SOL
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