The surprising launch of the $TRUMP token, a Solana-based cryptocurrency, has quickly become one of the most talked-about events in the crypto world.
In a post shared on X(Twitter), the Jupiter Exchange team celebrated the success of the launch, which they described as an “S-tier” event, referring to the top-tier quality of the launch experience.
Jupiter’s Role in the $TRUMP Token Launch
According to Jupiter, they worked closely with the team at Meteora AG to ensure that the launch would be smooth, both in terms of trading and token verification. This collaboration was crucial to the success of the event, which saw the $TRUMP token become a significant player in the cryptocurrency market.
Jupiter Exchange, a decentralized exchange aggregator, has been instrumental in the seamless execution of the launch, particularly by integrating its APIs across the entire ecosystem.
The exchange’s effort ensured that trading went off without a hitch, making it easier for users to buy and sell $TRUMP. Additionally, the integration of the DLMM pool, ILM design, and tight Jupiter integration helped optimize the trading experience.
The verification process employed by Jupiter also played a key role in suppressing the rise of scam tokens, a common issue during high-profile launches like this one.
Meteora’s Role in the Token Launch
In a tweet, the Meteora team expressed their gratitude for Jupiter’s role in the success of the launch. They acknowledged that Jupiter’s token verification process was instrumental in keeping scam tokens at bay.
With the combined efforts of both teams, $TRUMP had a strong debut, with a trading price of $19.04, representing an astounding 193% increase in value within just 24 hours. The token’s trading volume during this period reached a remarkable $3.85 billion, showcasing the high level of investor interest and excitement surrounding the launch.
$TRUMP Token’s Liquidity and Ecosystem Impact
According to reports, the $TRUMP token’s main liquidity pool on Meteora’s DLMM platform now ranks second in the 24-hour total network protocol revenue, trailing only behind Tether.
However, when measured based on average hourly fee income, the revenue for $TRUMP’s liquidity pool is significantly higher, estimated at $58.08 million within 24 hours.
This highlights the immense popularity and trading activity surrounding the token, marking a significant milestone for both the token and the platforms supporting it.
Major Exchanges Announce $TRUMP Listing
In another major development, Bybit, one of the world’s leading cryptocurrency exchanges, announced the upcoming listing of the $TRUMP token on its Spot Trading Adventure Zone. The exchange has confirmed that $TRUMP withdrawals will begin on January 19, 2025.
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Apart from this, Binance Futures has announced the launch of TRUMP/USDT Perpetual Contract, set to go live on January 18. The new trading pair offers users the opportunity to trade with up to 25x leverage, enhancing the flexibility and appeal of Binance Futures for both novice and experienced traders.
Crypto.com has announced that its app now supports the purchase of $TRUMP with USD, EUR, and over 20 other fiat currencies. This accessibility allows users to easily acquire $TRUMP and spend it globally at over 80 million merchants via the Crypto.com Visa Card.
A TRUMP perpetual contract has been introduced by Hyperliquid too, allowing traders to leverage holdings up to three times.
The Road Ahead for $TRUMP
As the $TRUMP token continues to gain traction in the market, it is clear that the token is positioned to become a major player in the crypto space. The launch’s success, aided by the seamless collaboration between Jupiter Exchange and Meteora, has set a new standard for token launches in the industry.
With strong support from exchanges like Bybit and growing interest from investors, $TRUMP could very well become one of the defining tokens of this crypto cycle.
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