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- The TRUMP meme coin launched simply days earlier than Trump’s inauguration
- Jupiter Trade and the Meteora workforce’s collaboration ensured seamless buying and selling and token verification.
- Regardless of skepticism, one early investor turned $1 million into $104 million because the coin surged by over 9,600%.
The TRUMP meme coin has made a dramatic entry into the crypto market, reaching some of the talked-about launches in current historical past. Backed by a collaboration between Jupiter Trade and the Meteora workforce, the launch capitalized on strong infrastructure and seamless execution to draw international consideration.
Meteora’s Benchow counseled Jupiter Trade for its function in guaranteeing a safe and environment friendly buying and selling course of through the token’s debut.
Benchow additionally highlighted Jupiter’s environment friendly token verification course of, which helped stop the proliferation of rip-off tokens through the launch. “That is what world-class seems to be like,” Benchow tweeted.
The Official TRUMP Meme Coin Launch
For context, TRUMP is the “official” meme coin of incoming U.S. president Donald Trump, launched on Solana simply three days earlier than his inauguration. The coin rapidly grew to become the discuss of the monetary world, drawing huge consideration and inflicting a surge in its worth.
Jupiter Trade celebrated the size of the launch, describing their efforts as pivotal to the venture’s easy execution.
Learn additionally: Jupiter (JUP) Value Prediction 2024-2030: Will JUP Value Hit $5 Quickly?
“We labored intently with the Meteora workforce to make sure an S-tier launch for TRUMP, which is undoubtedly one of many greatest launches within the historical past of crypto,” the alternate wrote.
They famous that the cooperation between each groups allowed for a flawless buying and selling and verification course of, with their highly effective APIs supporting key apps like Moonshot, which have been important to the venture’s success.
Jupiter additionally shared an fascinating tidbit in regards to the expertise used. The launch of TRUMP utilized the identical LFG stack and infrastructure that powered the success of JUP, together with the extremely efficient DLMM pool and ILM design.
A File-Breaking Crypto Launch
The TRUMP meme coin’s explosive debut catapulted its market cap to just about $10 billion inside hours.
Nonetheless, skepticism surrounding its legitimacy has grown, fueled by issues about potential hacks and social engineering.
Within the midst of this uncertainty, one early investor turned $1 million into $104 million because the coin’s value surged by over 9,600%.
Skeptics proceed to query the coin’s long-term viability, however the collaboration between Jupiter Trade and Meteora has already set a benchmark for future crypto launches.
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