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Gate Square New & Returning Creator Rewards are ongoing!
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Solana Memecoin Surge: $TRUMP Token Records Explosive 41,474% Rally in 24 Hours
A new memecoin launched on January 17, 2025, on the Solana blockchain witnessed an extraordinary price movement that caught the market's attention. The token surged from $0.1824 to $76 within approximately 24 hours—a stunning +41,474% increase.
At its peak, the token's market capitalization reached nearly $9 billion, reflecting massive liquidity inflow during the rally. This explosive movement sparked intense discussion within the Solana community about volatility, trading dynamics, and risk management in the memecoin space.
The incident underscores the extreme volatility characteristic of Solana-based tokens, where liquidity conditions and market sentiment can drive price discovery to unprecedented levels within compressed timeframes. Traders closely monitored the event as a case study in rapid market movements and their sustainability.