- The TRUMP meme coin was launched simply days earlier than Trump's inauguration
- Jupiter Alternate and the cooperation of the Meteora workforce ensured seamless token buying and selling and validation.
- Regardless of the skepticism, one early investor turned $1 million into $104 million because the coin rose greater than 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. Powered by a collaboration between Jupiter Alternate and the Meteora workforce, the launch benefited from a strong infrastructure and seamless execution to draw international consideration.
Meteora's Benchow praised Jupiter Alternate for its function in making certain a safe and environment friendly buying and selling course of in the course of the token's debut.
Benchow additionally highlighted Jupiter's environment friendly token verification course of, which helped stop the unfold of fraudulent tokens in the course of the launch. βThat is what world class appears like,β Benchow wrote on Twitter.
Official launch of TRUMP Meme Coin
For context, TRUMP is the βofficialβ meme coin of US President-elect Donald Trump, launched on Solana simply three days earlier than his inauguration. The coin rapidly turned the speak of the monetary world, attracting enormous consideration and inflicting its worth to skyrocket.
Jupiter Alternate celebrated the dimensions of the launch and described its efforts as essential to the graceful execution of the challenge.
Additionally Learn: Jupiter (JUP) Value Prediction 2024-2030: Will JUP Value Attain $5 Quickly?
βNow we have labored carefully with the Meteora workforce to ship the S-tier launch for TRUMP, which is undoubtedly one of many greatest launches in cryptocurrency historical past,β the alternate wrote.
They famous that the collaboration between the 2 groups enabled a flawless enterprise and validation course of with their highly effective APIs supporting key functions like Moonshot that had been crucial to the success of the challenge.
Jupiter additionally shared an attention-grabbing tidbit concerning the expertise used. TRUMP's launch used the identical LFG stack and infrastructure that underpinned JUP's success, together with the extremely environment friendly DLMM pool and ILM design.
File cryptocurrency launch
The explosive debut of the TRUMP meme coin catapulted its market capitalization to almost $10 billion in a matter of hours.
Nevertheless, skepticism about its legitimacy has grown, fueled by issues about potential hacks and social engineering.
Amid this uncertainty, one early investor turned $1 million into $104 million because the coin's value rose by greater than 9,600%.
Skeptics proceed to query the coin's long-term viability, however the collaboration between Jupiter Alternate and Meteora has already set the benchmark for future cryptocurrency launches.
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