Catenaa, Monday, January 27, 2025 – The launch of Donald Trump’s official memecoin has led to a significant surge in crypto-related applications, according to recent reports.
The president-elect introduced the Solana-based Trump memecoin on January 17, just three days before his inauguration.
This new digital currency quickly gained traction, reflecting the growing interest in the cryptocurrency market.
Within three hours of launching Trump memecoin, it reached over $9 billion in market capitalization, data revealed.
Since the US president selected Solana, the preferred network to launch his memecoin, the price of SOL also jumped to an all-time high value.
The new memecoin paved the way for the Solana network to become a leading player among large-scale companies and investors.
The huge crypto wave created by the US president grabbed the crypto base for investments. Thereby, the rankings of crypto apps were a hit.
Within the US app store, Phantom, the Solana-based crypto wallet, settled on the 35th place from 357th place after the Trump coin was launched.
Additionally, the rankings of crypto apps have been dramatically changed by the entry of Trump Coin, placing numerous apps among the first 100, with Coinbase, Uniswap, Binance, and Kraken among them.
