On January 18, US President-elect Donald Trump made headlines by announcing the launch of the "official" meme token TRUMP, which operates on the Solana blockchain. The announcement triggered a massive spike in the coin's value, with its price increasing 220% in a single day.
In an extraordinary financial surge, the fully diluted valuation (FDV) of the TRUMP token reached a staggering $62 billion, marking a monumental impact in the cryptocurrency industry.