President Donald Trump‘s meme coin outperformed the broader cryptocurrency market with a double-digit surge on Monday.
What happened: The Official Trump (TRUMP) token surged over 10% in the last 24 hours, reaching a market valuation of $5.92 billion and a fully diluted value of $29.62 billion.
The Solana (CRYPTO: SOL)-based coin’s trading volume rose 7.78% to $3.84 billion, making it the ninth-most traded cryptocurrency in the last 24 hours.
TRUMP coin outgained market heavyweights like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which rose 1.08% and 0.96%, respectively.
Widely-followed cryptocurrency analyst Andrew Kang stated that the coin hit a market bottom …
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