TRUMP Solana Meme Coin Spikes 40% as XRP and Dogecoin Jump – Decrypt

President Donald Trump’s official Solana meme coin is nearing a two-week high price thanks to a daily spike that’s made it the biggest gainer by far among the top 100 cryptocurrencies.

TRUMP is up 40% over the last 24 hours to a current price around $23, per data from CoinGecko, putting the Solana token’s price just shy of the February peak above $24.

Trump’s official token has generally been on the way down in recent weeks, falling from a peak price above $73 set on January 19—two days after the token’s surprise launch—to a recent low under the $15 mark.

There’s no obvious trigger for Friday’s surge, though trading volume is up substantially: The 24-hour rolling tally sits at $5.5 billion as of this writing, whereas full-day trading volume has registered less than $1 billion on multiple days earlier this week—including on Thursday.

No other major coin has come close to Trump’s pump over the last day, with the tokens for Solana exchanges Jupiter (JUP) and Raydium (RAY) following suit with 17% and 14% jumps respectively during the same span.

But some other top coins have climbed substantially over the last day, even if they can’t quite match up to the president’s official coin.

XRP, for example, has surged 13% to a current price of $2.79 as of this writing, making the highest price seen for the Ripple-linked coin since February 2. XRP skyrocketed to a seven-year high price of $3.38 in January, coming only two cents away from matching the coin’s all-time high mark from 2018.

And Dogecoin, still the largest meme coin by market cap, has climbed over 8% in the last day at a current price of nearly $0.28. That’s the highest mark since February 3, when the coin recovered after swinging as low as $0.22 the day prior.

Bitcoin, the top cryptocurrency by market cap, is up 2% on the day to a current price of $98,440, while Solana itself is up 5% to nearly $204. Ethereum has climbed 4% to a current price of $2,759.