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$TRUMP has quickly reached $10 billion, becoming the world's second largest meme. What does this mean for Solana?
This morning, Trump personally appeared on Solana and released a meme coin named TRUMP, which has a market value of over 10 billion US dollars as of the time of writing.
It is this chart that set a new record in the history of encryption within 4 hours. Never before has any new coin had an astonishing value of $20 billion on-chain within 4 hours.
When the cryptocurrency meme related to the concept of the general election has long been extinguished, Trump announced his arrival in the crypto world with his official account and historical data, and the market also welcomed him with real money. The transaction volume of 20 billion US dollars says it all.
This is an absolute good news for the cryptocurrency industry. The $10 billion market cap encrypted meme has opened up the ceiling for the market and the imagination for funds. At this point, it is no longer important what this coin can do. All you need to know is that when the US president personally issues a coin, the significance of this operation to the cryptocurrency industry far exceeds imagination.
The president is issuing coins on the Solana chain, which indicates recognition and optimism for Solana. This is undoubtedly a great benefit for Solana. So, buy the Solana ecosystem, including SOL, JUP, JTO, and RAY.
Next Monday, Trump will officially begin his second term as President of the United States. After a costly election season, the crypto industry finally has its own president.
Thanks to Trump's promise to establish a strategic Bitcoin reserve, Bitcoin has gained significant momentum after his victory. At the same time, Ethereum ecology infrastructure applications led by AAVE also shined in the "Trump market" in December last year, and the market believes that ETH will sweep away the haze and usher in new highs in the next market.
However, some industry insiders believe that Trump's tenure may bring greater benefits to networks like Solana, which focus more on practical applications rather than reserve assets.
This morning's TRUMP may be a proof that 'madness' has always been Trump's label. Personally issuing coins, choosing a chain like Solana with a wide mass base. After the precedent of GME, the power of retail investors is worth imagining.