Emre Yumlu 
Trump-themed memecoins fueled a surge in Pump.fun’s trading volume, pushing it past the $3 billion weekly mark.
Solana-based memecoin launchpad Pump.fun reached an all-time high of $3.3 billion in weekly trading volume, driven by Trump-themed memecoins.
On January 23 alone, trading volume soared past $544 million, breaking previous records, according to Dune Analytics data.
Pump.fun’s Previous Weekly Trading Volume Record Was Set in November
Trump-themed Memecoins Set Solana’s Largest Weekly Volume on Pump.fun
The chaos began around January 18 when Trump introduced his own TRUMP memecoin and launched the MELANIA token the day before his January 20 inauguration.
Trump’s token launches triggered a surge in memecoin speculation, leading to an explosion of knockoff tokens. Security firm Blockaid reported that the number of cryptocurrencies with “Trump” in their names surged from 3,300 to 6,800 shortly after the launch of Trump’s official token.
A study of the new coins revealed that at least 61 attempted to deceive investors by copying symbols, branding, or descriptions to appear official. Trump acknowledged only TRUMP and MELANIA as legitimate, but traders speculated on the potential launch of follow-up tokens bearing the names of his other family members.
This trend spread to Solana’s memecoin launchpad Pump.fun. A “Barron Trump” token briefly soared to a $27 million valuation before dropping below $4 million.
Unofficial Barron Trump Token on Pump.fun Surges Before Tanking
Pump.fun: High Revenue and Legal Issues
Previous research has shown that bot activities inflated Solana’s trading metrics, with memecoin creators using them to attract investors. Pump.fun’s rapid rise has caught the attention of Burwick Law. The law firm has threatened to initiate legal action on behalf of investors.
Memecoin rug pulls and speculative blowups have led to investor losses while the platform collects hefty fees. Additionally, the livestream feature was shut down due to promoters using shocking tactics to drive memecoin prices up.
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