Donald Trump’s official meme coin, TRUMP, nearly tripled in price from Saturday evening to early Sunday, soaring above $73 amid increasing momentum as major centralized exchanges shared plans to list the Solana token.
Though the price surge has since cooled and TRUMP has retraced to a current mark of about $59, it peaked at a price of $73.43 early Sunday, per data from CoinGecko. That was enough to place the coin in the top 15 cryptocurrencies by market cap, though at its current price, it ranks 21st on CoinGecko’s list.
Even with that slight retreat after rising from a price under $25 on Saturday, TRUMP continues to be a staggering success, launching out of nowhere late Friday and showing early buyers enormous gains—all while drawing attention away from some other meme coins and giving a significant boost to Solana in the process.
Dogecoin, the original meme coin and still the largest by market cap, is now down 3% over the last day as its dip continues following TRUMP’s launch. While still up 14% on the week thanks to earlier gains ahead of the Trump drop, it has fallen from a price above $0.43 late Friday to under $0.39 as of this writing.
And TRUMP is proving to be a serious competitor. While DOGE still has a much larger market cap based on circulating supply—$57 billion vs. nearly $12 billion—TRUMP’s fully diluted value (FDV) is now larger based on the entire supply, which includes the 80% of tokens that are locked up and will gradually unlock over the next three years.
TRUMP is currently the third-largest meme coin by market cap, just behind Shiba Inu (SHIB) in the runner-up slot, while DOGE remains on top. But Trump’s token could challenge Dogecoin more directly if this momentum continues.
Binance, the world’s largest crypto exchange, listed TRUMP for trading early Sunday after announcing plans on Sunday, plus OKX also listed the token for trading. And Coinbase, America’s top exchange, has added TRUMP to its planned listings, though recent additions to the roadmap tend to become available for spot trading very quickly.
Solana’s native coin, SOL, has continued to reap the benefits of its association with TRUMP, surging to a new all-time high price mark of $293 early Sunday. It’s currently priced at $269, up 11% on the day and 43% on the week.