Trump new meme coin, $TRUMP, quickly grew to a market value of $9 billion just hours after it was launched, causing people to talk about whether it’s real and what it means for the crypto world.
In a surprising turn, Donald Trump’s new meme coin, $TRUMP, has taken the crypto world by storm. It reached a market value of over $9 billion within hours of its release. This token, based on the Solana blockchain, was strongly promoted on Trump’s social media, attracting attention from both supporters and people who are unsure about it. Here’s a breakdown of the surge and the questions surrounding Trump’s new meme coin.
Did Trump Launch New Meme Coin Before Inauguration?
On January 17, just days before his inauguration, Trump made a surprising announcement across his official Truth Social and X (formerly Twitter) accounts.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.”
The tweet caught the attention of the cryptocurrency community and quickly went viral, leading to immediate excitement and some confusion. Was this a real project or just another celebrity crypto scam? It quickly became clear that the project was legitimate because it was backed by CIC Digital LLC, the same company that created Trump’s previous NFT collections.
Trump New Meme Coin’s Rapid Ascent
The release of Trump new meme coin was huge. In just a few hours:
Price: Trump New Meme Coin price went up to $7.31 per token.
Market Cap: The market value was $9 billion, though the number of coins in circulation suggests it might actually be closer to $1.5 billion.
Trading Volume: More than $680 million worth of $TRUMP tokens were traded in this short time.
This quick rise puts $TRUMP among the fastest-growing meme coins, beating big names like Pepe and Bonk in just a few hours.
What is Trump New Meme Coin?
$TRUMP is a Solana-based meme coin made to celebrate Trump’s values and build a community for his supporters. According to the official website, here are the tokenomics:
Total Supply: 1 billion tokens, with 200 million available at launch.
Distribution:
- 80% allocated to CIC Digital and creators (to be unlocked over three years).
- 10% for public distribution.
- 10% for liquidity purposes.
The site stresses that the $TRUMP token is not meant to be an investment or security, a likely attempt to avoid regulatory scrutiny.
From Skepticism to Legitimacy
When Trump new meme coin was first announced, many people in the crypto community doubted it. Because there have been many celebrity crypto scams in the past, some wondered if this was just another suspicious project. However, several things helped prove that the launch was real:
Consistency with Previous Projects: The $TRUMP website mirrors those used for Trump’s earlier NFT collections.
Trusted Ownership: The project is linked to CIC Digital LLC, a reliable company that worked on Trump’s NFT projects.
Social Media Proof: The posts on Truth Social and X stayed up for hours, showing that this was a planned promotion, not a hack.
Blockchain engineer @0xCygaar said, “Either this is the greatest cyber heist of all time, or this is real,” recognizing the strong connections to Trump’s past projects.
Trump’s Shift to Pro-Crypto Policies
Trump used to doubt digital money, but he has changed his views on cryptocurrency. During his 2024 campaign Trump called himself the “Crypto President” and said he would focus on cryptocurrency policies once he becomes president. One of the first things he plans to do is issue an order to help the US work more closely with the crypto industry. Trump has also supported decentralized finance (DeFi) projects like World Liberty Financial, but these have received mixed opinions.
The Crypto Ball and Cultural Impact
The launch of Trump new meme coin happened at the same time as a big event in Washington, D.C., called the “Crypto Ball,” which was celebrating Trump’s upcoming inauguration. The event was attended by Trump Jr. and included a performance by Snoop Dogg. Many important people from the crypto industry were there, which made more people interested in the $TRUMP token. The event was sponsored by well-known companies like Coinbase-backed Stand With Crypto, Exodus, and Kraken, making the project seem more trustworthy.
What’s Next for Trump New Meme Coin?
While $TRUMP has already made a big splash with its strong start, people are still wondering: Will it last? Some critics say that Trump’s involvement might hurt the reputation of the crypto industry, while others think the coin could help digital money become more popular.
For now, the rapid rise of $TRUMP shows how strong branding and community can be in the world of cryptocurrency. We don’t know yet if it will stay popular or fade away. Still, Trump’s new meme coin has already made an impact in crypto history.
Trump New Meme Coin: Final Thought
Trump’s entry into cryptocurrency with his new meme coin is an important moment in the mix of politics and digital money. It’s not clear yet if this will start a bigger trend or just be another part of Trump’s changing legacy. But with $TRUMP’s impressive performance, it’s clear that the political figure has shaken up the crypto market, proving the potential of leveraging celebrity influence in the crypto world.
Only time will tell if Trump new meme coin is the beginning of a new trend for memecoins or just a fleeting phenomenon.
