Donald Trump’s $TRUMP meme coin, with a market valuation of $14.5 billion, is sweeping the cryptocurrency world.
On Friday, Trump’s Truth Social account revealed the token, called Official Trump ($TRUMP), directing users to the GetTrumpMemes website.
On January 17, Donald Trump, the newly elected US president, released his official meme coin, ‘TRUMP,’ which sparked a huge reaction in the cryptocurrency market. One trader got a $20 million windfall in less than an hour during the first hour of the news.
“My NEW Official Trump Meme is HERE!” is how Donald Trump introduced the new meme coin on his social media channel, Truth Social. Now is the moment to honor our core value: WINNING.
Donald Trump’s launch of the $TRUMP memecoin on Solana has swept the cryptocurrency world by storm and is currently the most talked-about issue on a number of social media sites, according to Cryptotimes. Within two hours of its debut, the coin’s market value skyrocketed to an astounding $7.7 billion, a 4,200% increase. On social media, the abrupt introduction and its rapid expansion have generated discussions, misunderstandings, and FOMO.
Here is my brand-new official Trump meme! Now is the time to celebrate our core value: WINNING! Please become a member of my exclusive Trump Community. BUY YOUR $TRUMP RIGHT AWAY. Visit
https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC— Donald J. Trump (@realDonaldTrump) January 18, 2025
According to the news outlet, a trader made a rapid move and used USDC to purchase about 6 million TRUMP coins for about $1.1 million. This trader’s stake grew to $23 million in just 90 seconds. Lookonchain claims that even though they have only sold a small percentage of the 5.43 million TRUMP they currently own, they have made a profit of more than $20 million.
Many users have been drawn in by the dramatic launch, but there are also concerns about account theft. However, the TRUMP coin’s price gain and the trader’s profit are currently the most talked-about issues in the cryptocurrency community.
With 200 million tokens in circulation, Introbillion at Binance claims that the market capitalization has reached $14.5 billion and that trading activity has already reached $1 billion.
