President Donald Trump’s official Solana meme coin is nearing a two-week excessive worth because of a every day spike that is made it the most important gainer by far among the many high 100 cryptocurrencies.
TRUMP is up 40% during the last 24 hours to a present worth round $23, per knowledge from CoinGecko, placing the Solana token’s worth simply shy of the February peak above $24.
Trump’s official token has usually been on the best way down in current weeks, falling from a peak worth above $73 set on January 19—two days after the token’s shock launch—to a current low beneath the $15 mark.
There is not any apparent set off for Friday’s surge, although buying and selling quantity is up considerably: The 24-hour rolling tally sits at $5.5 billion as of this writing, whereas full-day buying and selling quantity has registered lower than $1 billion on a number of days earlier this week—together with on Thursday.
No different main coin has come near Trump’s pump during the last day, with the tokens for Solana exchanges Jupiter (JUP) and Raydium (RAY) following swimsuit with 17% and 14% jumps respectively throughout the identical span.
However another high cash have climbed considerably during the last day, even when they can not fairly match as much as the president’s official coin.
XRP, for instance, has surged 13% to a present worth of $2.79 as of this writing, making the best worth seen for the Ripple-linked coin since February 2. XRP skyrocketed to a seven-year excessive worth of $3.38 in January, coming solely two cents away from matching the coin’s all-time excessive mark from 2018.
And Dogecoin, nonetheless the most important meme coin by market cap, has climbed over 8% within the final day at a present worth of almost $0.28. That is the best mark since February 3, when the coin recovered after swinging as little as $0.22 the day prior.
Bitcoin, the highest cryptocurrency by market cap, is up 2% on the day to a present worth of $98,440, whereas Solana itself is up 5% to just about $204. Ethereum has climbed 4% to a present worth of $2,759.
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