New Delhi, June 11 -- Donald Trump's $TRUMP memecoin has seen a considerable increase in demand over the past couple of months. The reigning US President had launched the crypto coin just before his inauguration in January 2025, and in a matter of weeks, its demand also grew. However, it had to face some months of constant volatility too. The coin was first launched on the Solana blockchain, and some traders even wondered if the coin was a fake, until Trump himself announced about the same officially in a Truth Social post.

The coin was at first trading at a base price of a little more than a dollar, but as soon as Trump made things official, the prices skyrocketed within minutes. The memecoin began trading near $75 per coin at one point...