- TRUMP meme coin launched simply days earlier than Trump's inauguration
- The collaboration between Jupiter Trade and the Meteora staff ensured seamless token buying and selling and verification.
- Regardless of the skepticism, one early investor turned $1 million into $104 million because the coin surged greater than 9,600%.
The TRUMP meme coin has made a spectacular entrance into the crypto market, reaching one of the vital talked about launches in latest historical past. Supported by a collaboration between Jupiter Trade and the Meteora staff, the launch capitalized on strong infrastructure and seamless execution to seize world consideration.
Benchow of Meteora praised Jupiter Trade for its position in guaranteeing a safe and environment friendly buying and selling course of in the course of the token's debut.
Benchow additionally highlighted the effectiveness of Jupiter's token verification course of, which helped stop the proliferation of fraudulent tokens throughout launch. “That is what world class seems to be like,” Benchow tweeted.
The official launch of TRUMP Meme Coin
As a reminder, TRUMP is the “official” meme coin of the brand new American president Donald Trump, launched on Solana simply three days earlier than his inauguration. The coin shortly turned a subject of dialog within the monetary world, attracting huge consideration and inflicting its worth to rise.
Jupiter Trade celebrated the magnitude of the launch, describing its efforts as important to the profitable execution of the challenge.
Additionally Learn: Jupiter (JUP) Worth Prediction 2024-2030: Will JUP Worth Hit $5 Quickly?
“We labored intently with the Meteora staff to make sure an S-level launch for TRUMP, which is undoubtedly one of many largest launches in crypto historical past,” the change wrote.
They famous that the cooperation between the 2 groups enabled a seamless change and verification course of, with their highly effective APIs supporting key functions like Moonshot, which have been important to the success of the challenge.
Jupiter additionally shared some attention-grabbing details about the expertise used. The TRUMP launch used the identical LFG stack and infrastructure that contributed to the success of JUP, together with the extremely environment friendly DLMM pool and ILM design.
A document crypto launch
The TRUMP meme coin's explosive debut propelled its market capitalization to almost $10 billion in a matter of hours.
Nonetheless, skepticism about its legitimacy has grown, fueled by considerations about doable hacks and social engineering.
Amid this uncertainty, one early investor turned $1 million into $104 million because the coin's worth surged greater than 9,600%.
Skeptics proceed to query the long-term viability of the coin, however the collaboration between Jupiter Trade and Meteora has already set a benchmark for future crypto launches.
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