Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.

President-elect Donald Trump promised a crypto-friendly administration. Days before taking office a second time, he began selling a new cryptocurrency. Named $TRUMP, the project is a so-called meme coin,

President-elect Trump has launched his own crypto token called Trump coin. In less than 24 hours, the coin has had a 12,000% gain and has seen billions in trading volume.

The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.

Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration.

TRUMP coins, a new Trump-backed cryptocurrency token, show an image of Trump following his assassination attempt.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

US President-elect Donald Trump launched his official Trump meme coin on Saturday, January 18. The meme coin gained nearly 300% on the first day. Take a look at the gains compared to the other meme coins and cryptocurrencies.

In the few hours of its launch, the new coin's market cap has reached a whopping $4.25 billion, surging over 240%. The new coin has taken the crypto world by the storm. The Trump meme coin has also become a trending topic on the major social platforms globally.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.