A Trump-made memecoin: but why Solana?
On January 18, the crypto market was caught off guard with the announcement of the memecoin $TRUMP, directly backed by Donald Trump himself. This is not just a marketing stunt: it is a genuine bet on the future. Contrary to what some might have thought (hello Ethereum), Trump chose to base his memecoin on the Solana blockchain, and this strategic choice has made waves. Why Solana, when Ethereum seemed to be the logical choice? For several reasons:- Speed: Solana is ultra-fast, with almost instantaneous transaction times.
- Low cost: Fees are much lower than Ethereum, making the token accessible.
- Flexibility: Solana is on the rise in the crypto universe, and Trump sensed the right move.
The $TRUMP in numbers: what you need to know
Here are some key figures about this cryptocurrency that is shaking up the market:| Feature | Detail |
|---|---|
| Blockchain used | Solana |
| Total number of tokens | 1 billion |
| Initial circulation | 200 million |
| Market capitalization | $6.9 billion |
| Current price | $24.60 |
| Largest liquidity pool | TRUMP-USDC: $483 million |
Solana propelled to a historic peak: but at what cost?
The success of the Trump memecoin does not stop at itself. It has bolstered Solana’s position as a reference platform for cryptos. The volumes generated by the trading of $TRUMP have notably benefited the DEX (decentralized exchanges) of Solana such as:- Meteora: Used for automated market-making (AMM).
- Raydium: Leading platform for trading Solana-based tokens.
- Is it sustainable? Can Solana’s price continue to climb, or is it at risk of falling after the announcement effect?
- Competition with Ethereum: Has Solana really outshone Ethereum, or is it just a flash in the pan?
Buying $TRUMP: a how-to guide
If you want to join the Trump adventure, here’s how to do it without getting lost along the way.1. Choose an exchange
$TRUMP is available on several popular platforms, including Bybit, Bitget, and KuCoin. For decentralization enthusiasts, you can also go through DEXs like Meteora or Jupiter.2. Prepare your wallet
To buy $TRUMP, you will need a Solana-compatible wallet, such as Phantom or Sollet. Make sure to deposit some $SOL to cover the fees.3. Proceed to purchase
On your platform, search for the TRUMP token and place your order. On DEXs, you can exchange $SOL or USDC for $TRUMP.4. Secure your tokens
Once your purchase is made, transfer your tokens to a secure wallet to avoid unpleasant surprises.Why is this memecoin making so much noise?
The success of $TRUMP goes well beyond the numbers. It is a true cultural phenomenon. Its launch coincided with a major event: the Crypto Ball, held in Washington D.C. This event brought together influential figures from the crypto sector, including:- Michael Saylor (MicroStrategy)
- Brian Armstrong (Coinbase)
- The Winklevoss twins (Gemini)
- David Sacks, Trump’s crypto advisor
Opportunities and risks: how to think about $TRUMP?
The opportunities
- Massive exposure: The name Trump grabs attention, whether you love him or hate him.
- Solid technical support: Solana offers a fast and cost-effective infrastructure.
- Momentum: With record trading volumes, $TRUMP is on the rise.
The risks
- Extreme volatility: Like all memecoins, $TRUMP can drop as quickly as it rose.
- Risk of rug pull: With 80% of the tokens held by the issuers, centralization is a danger.
- Fierce competition: Popular memecoins like Dogecoin or Shiba Inu won’t be easily dethroned.
And now, what to do?
If you’re considering diving in, do so with caution. Cryptos are an exciting but risky universe where nothing is ever guaranteed. $TRUMP could very well be a golden opportunity… or a flash in the pan. It’s up to you to judge, but remember: never invest more than you can afford to lose. And if you found this article useful, share it with your friends or explore our guides to become a crypto pro. The more informed you are, the better you navigate this fascinating and unpredictable world!
Céline, a passionate blogger about news and travel, I decode the trends that make the world buzz. Whether it’s exploring hidden corners of the planet or analyzing the hottest topics in the news, I share my discoveries here with a curious and authentic perspective. Join me to travel through words and ideas!
