New Trump meme coin wave lifts Solana DEX tokens Raydium, Jupiter and Orca
## Trump Meme Coin Sends Solana DEXs Soaring
The launch of the “official” Donald Trump meme coin ($TRUMP) on Solana ignited a massive surge in the prices of Solana decentralized exchanges (DEXs). Raydium (RAY), Jupiter (JUP), and Orca (ORCA) saw explosive gains, hitting their highest levels in months.
Raydium, Solana’s largest DEX, reached $6.95, a 5,730% increase from its 2023 low, boosting its market cap to nearly $2 billion. Jupiter, the leading perpetuals exchange, climbed to $0.85, achieving a $1.1 billion valuation. Orca soared to $3.85, with daily volume jumping 50% to $52 million.
The $TRUMP token itself experienced a meteoric rise, reaching a $3.6 billion market cap and an $18.2 billion fully diluted valuation. Massive trading volume flooded Solana DEXs, with Raydium hitting a record $5.31 billion and Orca reaching a record $2.73 billion, largely driven by $TRUMP trading. Nansen data revealed large purchases, including one for $117.9 million, highlighting significant institutional interest. Around 150 “smart money” investors, according to Nansen, participated.
This frenzy is fueled by anticipation of Trump’s presidency and his stated intention to prioritize American crypto projects. However, the long-term sustainability of the $TRUMP rally remains uncertain, as meme coin price volatility is notorious. The broader Solana meme coin market currently boasts a $22 billion valuation. The success of Raydium, Jupiter, and Orca reflects not only the $TRUMP hype but also the growth of the Solana ecosystem.
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