MoonPay Secures $160 Million to Meet TRUMP Coin Demand
- MoonPay obtained $160 million in loans from Galaxy Digital and Ripple.
- The funds were used to support demand for the TRUMP meme coin on Solana.
- TRUMP token trading volume exceeded $20 billion in its first five days.
- The token’s valuation reached over $73 billion within 48 hours of launch.
- MoonPay onboarded 750,000 new users during the TRUMP launch week.
To address surging demand for the TRUMP meme coin, MoonPay secured a total of $160 million in loans from Galaxy Digital and Ripple, enabling continued purchases and onboarding of 750,000 new users during its launch week. The TRUMP token saw over $20 billion in trading volume within the first five days, rapidly achieving a valuation exceeding $73 billion.
Source (2.6)https://decrypt.co/305506/ripple-novogratz-moonpay-helped-trump-solana-meme-coin?rand=52368
