TRUMP MEME COIN:
Trump introduced the token, Official Trump ($TRUMP), on his Truth Social account on Friday, directing visitors 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 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 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.
According to the news outlet, a trader made a rapid move and used USDC to purchase about 6 million 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 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 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.
Within hours of its inception, Donald meme coin amassed an astounding market capitalization of $14.5 billion, causing a stir in the cryptocurrency industry. Both enthusiasm and skepticism have been aroused by the coin’s sharp increase in value. Early investors have made large profits from the launch, despite worries about its political affiliations and concentrated control. This audacious move opens a new chapter in Trump’s economic endeavors and demonstrates his ongoing interest in the cryptocurrency field.
Donald introduced his meme coin on January 17, 2025, and it quickly became a sensation in the cryptocurrency industry. Within a few hours of its launch, the coin, which was based on the Solana network, had an incredible rise in value, with its market capitalization hitting an incredible $14.5 billion. According to CoinMarketCap data, the coin’s value increased by an astounding 231.61% from its initial price of $0.18 to $7.1 before stabilizing at $21.51 by 6:21 PM IST.
“This is my brand-new official meme!”
Through his Truth Social platform, Trump unveiled the $TRUMP currency, declaring: “My NEW Official Meme is HERE! Now is the moment to honor our core value: WINNING. As soon as the news was made, Trump urged supporters to purchase tokens through the official website, gettrumpmemes.com, before the 48-hour deadline for claiming them ended.
A huge trading frenzy was sparked by the debut. Early investors made significant winnings as the trading volume reached almost $1 billion in just one hour. In just 90 seconds, a trader who used USDC to purchase approximately 6 million coins for roughly $1.1 million saw their investment jump to $23 million. Lookonchain claims that even though the trader only sold a small percentage, they still made almost $20 million in profit, leaving them with 5.43 million coins.
The coin’s market capitalization, which rose to $7.7 billion within two hours of introduction, was another astonishing indicator of its quick ascent. Discussions concerning its validity, worth, and if it marks a new chapter in relationship with cryptocurrencies have erupted on social media platforms as a result of its explosive ascent.
