The Solana Infrastructure Behind Trump Coin: Who Is the Executor of the President's Token?
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The Solana Infrastructure Behind Trump Coin: Who Is the Executor of the President's Token?
Which Solana projects have captured the massive traffic from Trump's meme coin launch? What makes them the President's top picks?
Navigating Web3 tides with focused insightsBy Alex Liu, Foresight News
The launch of Donald Trump’s official meme token TRUMP is the most talked-about and wealth-generating event in Web3 recently. Looking back, it's clear this was not a spontaneous decision hastily executed via pump.fun in 10 minutes, but rather a coordinated operation meticulously planned in advance, involving multiple protocols and projects on Solana.
Which Solana-based projects were selected in this ecosystem collaboration? What strengths caught the attention of Trump’s team?
Jupiter once posted on X: "Through close collaboration with the Meteora team, we ensured a flawless launch of TRUMP—one of the largest token launches in crypto history. The TRUMP launch utilized the same LFG tech stack as the JUP launch, including DLMM pools, ILM design, and tight Jupiter integration."
Meow, co-founder of Jupiter, quoted this post stating: "LFG Token Launch Tech Stack: Meteora, Jupiter, Moonshot."
Jupiter
Jupiter is the largest DEX aggregator on Solana and the go-to platform for on-chain token trading—a de facto 'traffic gateway' for Solana DeFi. By providing immediate 'official verification and endorsement' of the token, Jupiter reduced the risk of ordinary users falling victim to scam tokens and strongly affirmed the legitimacy of $TRUMP early on, giving confidence to retail investors to “ape in” safely.
Jupiter’s LFG token launch platform is one of the largest on-chain launch platforms, having successfully launched tokens like JUP and CLOUD before. It comes as no surprise that the Trump team chose it for launching $TRUMP.
Past projects on Jupiter’s LFG token launch platform
Meteora
Meteora is a liquidity protocol sharing the same founder(s) as Jupiter (effectively considered a product or shared-team project under the Jupiter umbrella).
The TRUMP token launch leveraged Meteora’s DLMM pool. While DLMM involves complex mechanisms with many technical details beyond the scope of this article, here are the key reasons why Trump’s team selected it:
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DLMM supports single-sided liquidity and ILM mechanisms
ILM stands for Intuitive Launchpool Modeling, which allows customization of price curves at token launch, helping stabilize distribution for highly volatile tokens and maintaining a degree of control over market behavior.
Thanks to DLMM’s support for single-sided liquidity, the Trump team injected only 10% of the total supply into the TRUMP/USDC DLMM pool on Meteora and smoothly sold over $500 million worth of tokens within hours, while simultaneously establishing an on-chain primary liquidity pool (TRUMP/USDC) with over $100 million in liquidity.
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Liquidity pool creators earn trading fees
The popularity of the TRUMP token generated massive trading volume and correspondingly huge LP fees. Within just five hours of listing, the primary liquidity pool had already generated over $12 million in fees—ranking second across all on-chain protocols, only behind Tether. This figure eventually surpassed $20 million.
Image source: @ai_9684xtpa
Due to the DLMM mechanism, the Trump team acted as the creator of the main liquidity pool, providing initial single-sided liquidity. As such, they also earned a share of transaction fees. In fact, the Trump team’s fee earnings from LP alone exceeded $40 million on the day of the token launch.
Moonshot
Moonshot is a meme coin trading platform known for its large retail user base, easy onboarding (supports credit cards, Apple Pay, etc.), and strong listing effects, making it a true "retail gateway."
Immediately after Trump announced the token launch on Truth Social—and when many remained skeptical, even suspecting his account might have been hacked—Moonshot swiftly verified the token, injecting confidence into U.S. retail investors (many of whom would later become wealthy if they bought early), driving significant buying pressure.
Moonshot reported that after being recommended as the preferred purchase method on the TRUMP website, the platform achieved $400 million in trading volume within 12 hours and brought over 400,000 new users into the Solana ecosystem through its app.
Moonshot verified the TRUMP token at $0.43; TRUMP later surged to a high of $77.
The successive verifications by Moonshot and Jupiter dispelled doubts among both on-chain and off-chain participants and leveraged their respective positions as traffic gateways to drive powerful buying momentum.
Wintermute
On-chain address tracking shows that Wintermute served as the market maker for the TRUMP token. Market makers ensure sufficient liquidity in trading pairs and help narrow bid-ask spreads.
Wintermute has previously provided market-making services for numerous meme coins on the Solana ecosystem and is a primary market maker for many high-market-cap meme coins, possessing extensive experience in meme coin liquidity provision. Its proactive market-making style can be seen reflected in the sharp price swings of TRUMP.
Image source: @ai_9684xtpa
Through this carefully orchestrated combination of moves—“presidential-grade curation”—Trump’s team maximized online buzz and reaped enormous financial gains. Have you learned your lesson?
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