Last week, TRUMP Coin stole the spotlight by surpassing PEPE and other meme coins in market capitalization. As of January 22, 2025, TRUMP’s market cap had soared past $8 billion, pushing PEPE out of third place. Amid this meme coin frenzy, Elluminex is gearing up to supercharge the DeFi capabilities of the TON ecosystem. With its innovative approach and transformative potential, could this rising star rival established giants like Uniswap? $TRUMP Flips $PEPE TRUMP Coin shook the crypto market when it launched on Friday, January 17, 2025. Within 48 hours, its value skyrocketed to over $60 per token – an extraordinary milestone for a new coin. According to data from CoinMarketCap , TRUMP Coin’s market capitalization had surged to an impressive $8 billion by January 22. In less than 24 hours after its launch, the token’s trading volumes spiked to millions of dollars per minute. On its first day alone, $TRUMP recorded over $11 billion in trading volume. This remarkable growth is fueled by the novelty of being a token associated with a sitting president. While $TRUMP soars, the broader meme coin market feels the ripple effects. TRUMP Coin’s meteoric rise has propelled it far beyond established favorites like PEPE. PEPE Coin Yields To A Newcomer For a long time, PEPE Coin was the third-largest meme coin by market capitalization, thriving on community support and speculative hype. However, it was no match for $TRUMP, a newcomer that quickly won over the entire crypto community and overtook PEPE in market rankings. Reports suggest that traders pulled funds from their altcoin holdings to invest in $TRUMP, eager to capitalize on its rapid gains. Some PEPE holders likely sold off their tokens to jump on the $TRUMP bandwagon, contributing to PEPE’s decline. Over the past seven days, PEPE has lost 6% of its value, leaving its market capitalization at approximately $6 billion. Elluminex Rivals Uniswap Just as $TRUMP overtook $PEPE, Elluminex may soon challenge Uniswap as a significant force in decentralized finance. Both platforms aim to make DeFi more accessible and enable seamless digital asset trading. When Uniswap launched on Ethereum, it revolutionized decentralized trading and significantly boosted the network’s liquidity. However, with the rise of Ethereum alternatives and competing DEXs, its dominance has waned. The spotlight has shifted to the fast-growing TON ecosystem, where Elluminex is preparing to debut. Also, Elluminex goes beyond traditional DEX functionality. Its cross-chain bridge allows users to interact effortlessly with multiple blockchains, while its staking platform offers opportunities for passive income. Additionally, the platform includes an academy to onboard new users into DeFi and AI-driven insights to help traders make smarter decisions. The project’s native token, ELX, is designed for long-term growth. With a limited supply, ELX will naturally become scarce, driving demand. Users also earn ELX rewards for completing tasks, fostering loyalty, and stabilizing the token’s value. Uniswap’s launch on Ethereum sparked a great increase in the price of ETH. Elluminex is poised to create a similar effect on Toncoin (TON). Early adopters who secure ELX during its presale can reap substantial rewards as the platform takes off. For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
