TRUMP tokens Archives | MarketsXplora

Key Insights A trader made over $90 million after quickly purchasing TRUMP tokens following Donald Trump's memecoin announcement on Truth Social, initially investing 1.09 million USDC. The TRUMP token reached a $9 billion market cap and entered CoinMarketCap's top 38, with a fully diluted valuation of $21 billion. WASHINGTON (MarketsXplora) – A swift-moving cryptocurrency trader has amassed over $90 million in gains following former President Donald Trump's announcement of a new memecoin on Truth Social, just days before his inauguration. The unidentified trader acted within minutes of Trump's post, investing 1.09 million USDC to acquire 5.7 million TRUMP tokens through the Meteora marketplace. The transaction included an $85,000 premium payment to Jito, a Solana infrastructure provider specializing in MEV (Miner Extractable Value) services for expedited transaction processing. Blockchain analytics firm LookOnChain reports that the trader subsequently transferred the tokens to a wallet identified as ff.sol, before dispersing them across multiple addresses. The strategic trading that followed saw approximately 1.35 million TRUMP tokens converted to USDC, generating $3.65 million in proceeds. The trader still holds 4.62 million TRUMP tokens, currently valued at $87 million, bringing their total position value above $90 million. Some wallets showed evidence of sophisticated trading patterns, including buying and reselling TRUMP tokens. Trump Memecoin Soars to $4 Billion Market Cap The TRUMP token has experienced remarkable growth since its launch, reaching a market capitalization of $9 billion and securing a position among CoinMarketCap's top 38 cryptocurrencies. Its fully diluted valuation stands at $21 billion, which would place it among the top 10 tokens if realized. Read also! How to Buy $TRUMP Memecoin Fast: All You Need to Know Leading Solana-based platforms Jupiter and Meteora have verified the token's authenticity, addressing initial concerns about the legitimacy of Trump's announcement on Truth Social.

Trader Nets $90 Million Following Trump’s Memecoin Announcement

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