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Citizen DeFi Play: The Meteora Trade

TRUMP's first onchain liquidity hub surges on memecoin excitement.

Jack Inabinet
Jan 23, 2025 • 3 min read

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Solana was perhaps the biggest beneficiary of President Donald Trump’s recent foray into memecoins, and its Meteora exchange has been at the center of the madness, processing billions of dollars in transactions each day as traders rush to acquire TRUMP.

Meteora received the honor of being the initial source of onchain liquidity for TRUMP tokens, a potent first-mover advantage that allowed it to amass over $750M in new deposits and triple total value-locked overnight!

Today, we dissect this rapidly growing tokenless exchange. 👇

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.