The launch of President Donald Trump's Solana meme coin was bolstered by significant collaboration between MoonPay, Galaxy Digital, and Ripple. Facing a surge in demand during its initial days, MoonPay secured $160 million in loans from Galaxy and Ripple to facilitate the buying process for the TRUMP token. With the rapid pace of purchases, MoonPay's liquidity was at risk, prompting the company to revise estimated funding needs from $50 million to $100 million, and then ultimately to $160 million. MoonPay's innovative mobile app, Moonshot, simplified the trading process for users unfamiliar with traditional crypto exchanges, further incentivizing purchases. Over its first five days, TRUMP token amassed over $73 billion in trading volume, and it soon became accessible on major centralized exchanges. Following the launch, liquidity was restored, allowing MoonPay to repay its loans completely by the subsequent Tuesday.

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