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.
As of the time of writing, XRP has risen 13%, to $2.79, the highest value for this Ripple coin since February 2, 2018. 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.
Dogecoin has gained over 8% on the market in the past day, with a price currently of $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, by far the most valuable cryptocurrency, has gained 2% today to $98,440. Solana is also up 5%, to almost $204. Ethereum’s price has increased by 4%, to $2759.