The token, officially called Trump ($TRUMP), was announced on Friday via Trump’s Truth Social account, directing users to the GetTrumpMemes website.
Trump meme coin’s live price today is USD 27.99, with a 24-hour trading volume of USD 8,168,568,027. We update the Trump meme coin to USD price in real-time.
Official Trump meme coin is up by 331.59% over the past 24 hours. Its current CoinMarketCap ranking is #28, with a live market cap of $5,598,694,392. It has a circulating supply of 200,000,000 Trump meme coins and a maximum supply of 999,999,993 Trump meme coins.
Cryptocurrency Market:
The cryptocurrency market faced a critical reaction on January 17 when The President of the United States, Donald Trump, released his official Trump meme coin. Within the first hour of the announcement, a trader reportedly suffered a loss of $20+ millions in under an hour.
Donald Trump launched the new Trump meme coin on his social media platform, Truth Social and States That:
“My new official Trump meme coin is here! It’s time to celebrate everything we stand for: Winning!”
Crypto Times:
The launch of Donald Trump’s TRUMP meme coin on Solana has taken the crypto world by storm, becoming the hottest topic on several social media platforms. In just two hours since its launch, the coin has surged by over 4,200, reaching a demand threshold of $7.7 billion. The unexpected launch, along with its massive growth, has sparked debate, confusion, and FOMO on social media.
According to News Hatch:
A trader jumped in and bought nearly 6 million TRUMP coins for around $1.1 million using USDC. Within 90 seconds, the dealer’s investment was worth $23 million. In an astonishing turn of events, the value of this investment soared to $23 million within just 90 seconds. Within just 90 seconds, the trader’s investment skyrocketed in value to $23 million. Up to now, they’ve retailed only a small portion but still have 5.43 million TRUMP on their hands, which gives them a profit of over 20 million, according to Lookin Chain.
The explosive launch has attracted numerous druggies, but questions about account theft are also being asked. Still, the price increase of the TRUMP coin and the dealer’s profit are the main motifs of discussion in the crypto sphere at the moment.
According to CoinMarketCap Data:
By the time the initial frenzy settled, the price of TRUMP had climbed to $7.1, up from its starting value of just $0.18. As of 6:21 PM, the coin was trading at $21.51, reflecting an extraordinary 231.61% increase.
Donald Trump launched the TRUMP meme coin just days before beginning his second term as President of the United States. In under three hours, its market cap surged to a staggering $8 billion. Trading volume reached $1 billion, and the coin’s value skyrocketed by over 300% within minutes.
According to the X post:
“$TRUMP is now freely tradable on the blockchain.” This suggests the meme is likely related to a meme coin, although nothing official has been confirmed.
They claim that the meme portrays Trump’s strength and courage after facing “death” during an assassination attempt in his election campaign.
“On July 13, 2024, President Trump faced death and emerged victorious! With his fists in the air and his iconic battle cry, President Trump showed the world what true leadership is made of. His strength and bravery sparked a movement that became one of the most memorable moments of this century. Now, you can own your piece of history.”
The Trump meme celebrates a leader who refuses to back down in the face of adversity. The site encourages readers to “Join the Trump community – we’re all fighting for what matters.”
Fight Fight Fight, LLC:
Last summer, Trump spoke at a Bitcoin conference in Nashville, where he promised to make the United States the “Crypto Capital of the Planet” if he returned to the White House.
Prior to this recent announcement, Trump and his sons, Donald Jr. and Eric, launched their own crypto venture, World Liberty Financial. Other members of the incoming administration have also disclosed past investments and support for cryptocurrencies.
Neither Trump nor the company managing the launch, Fight Fight Fight LLC, has shared details about how much they earned from the initial batch of meme coins.
According to the coin’s official website, 200 million meme coins were released, with Fight Fight Fight stating that an additional 800 million coins would be added over the next three years.
The meme coin is Trump’s latest foray into merchandise, following recent ventures that included perfumes, colognes, watches, and “President Donald J. Trump First Edition” silver coins sold for $100 each to celebrate his electoral victory.
At the reopening of Notre Dame Cathedral, Trump also famously promoted his cologne line by featuring a well-known image of himself seated with First Lady Dr. Jill Biden.
