Moonshot, a cryptocurrency trading platform, is currently ranked first in the US Apple App Store’s free financial app rankings, according to appfigures statistics.
The rise comes after Jupiter stated that it collaborated with Moonshot to encourage the issue and trading of TRUMP tokens.
TRUMP Coin Introduction Helps Moonshot
Moonshot’s high ranking in the US comes after it helped with the launch and introduction of Trump’s memecoin.
The TRUMP memecoin was introduced by the Trump social media account on January 18th. Initially, the community conjectured that the account might have been hacked because there was no official announcement.
However, following Moonshot’s TRUMP token launch, Trump’s official Twitter account sent out another tweet endorsing the TRUMP token. With a trading volume of over $1 billion and a market valuation of $8 billion, it became difficult to discern between fraud and genuineness, forcing people to gamble in an attempt to make the most money immediately.
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Jupiter’s Role in The TRUMP Coin Launch
Jupiter claims that they collaborated closely with the Meteora AG team and Moonshot team to guarantee a seamless launch, including token verification and trading.
The $TRUMP coin became a major player in the cryptocurrency market as a result of this collaboration, which was essential to the launch’s success.
By ensuring that trading proceeded smoothly, the exchange made it simpler for users to purchase and trade $TRUMP. The trading experience was further enhanced by the incorporation of the DLMM pool, ILM design, and tight Jupiter connection.
$TRUMP Token: How Much is In Circulation?
The total supply of TRUMP tokens is 1 billion. Out of the one billion TRUMP tokens that are in circulation, 200 million will be released over the course of the next three years.
CIC Digital LLC and Fight Fight Fight LLC, two Trump Group entities, collectively control 80% of TRUMP; nevertheless, they are subject to a three-year unlocking plan.
Interestingly, the TRUMP token is already shattering records. The primary liquidity pool for the $TRUMP token on Meteora’s DLMM platform is reportedly currently second in terms of 24-hour total network protocol revenue, only surpassed by Tether.
The revenue for $TRUMP’s liquidity pool, however, is far larger when calculated using average hourly fee income; it is expected to be $58.08 million in a 24-hour period.
This signifies a major turning point for the token and the platforms that support it, highlighting the enormous popularity and trading activity surrounding it and the President elect’s popularity.
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