Donald Trump’s official meme coin, TRUMP, nearly tripled in price from Saturday evening to early Sunday, blasting 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 with with enormous gains—all while sucking attention away from some other meme coins and giving a big boost to Solana in the process.

Dogecoin, the original meme coin and still 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.

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Author: Andrew Hayward