In a Friday night time revelation, former President Donald J. Trump introduced the launch of his official meme coin, ‘TRUMP,’ on Solana’s blockchain. Trump shared the information by way of his social media platforms, together with X (previously Twitter) and Fact Social, saying, “It’s time to rejoice all the things we stand for: WINNING! Be a part of my very particular Trump Neighborhood. GET YOUR $TRUMP NOW.”
The announcement comes simply three days earlier than Trump’s anticipated swearing-in for a second time period within the White Home, including an sudden twist to his political and digital ventures. The cryptocurrency has already garnered important consideration, with degen merchants leaping in instantly and producing tons of of tens of millions of {dollars} in buying and selling quantity inside hours of the announcement.
Degen Merchants Reap Thousands and thousands from TRUMP Token Launch
Excessive-profile merchants wasted no time capitalizing on the cryptocurrency’s explosive debut. One distinguished dealer, generally known as “LeBron”, reportedly spent 1 million $USDC to amass 4.52 million $TRUMP tokens inside minutes of the announcement. In a swift transfer, they bought 4.12 million $TRUMP for two.49 million $USDC, netting a revenue of over $2 million whereas nonetheless holding onto 400,000 tokens valued at $560,000.
A pockets named “LeBron” earned over $2M on $TRUMP simply now!#Trump launched a meme coin, $TRUMP, on his reality social account (account theft is just not dominated out).
LeBron spent 1M $USDC to purchase 4.52M $TRUMP 2 minutes after #Trump‘s submit, after which bought 4.12M $TRUMP for two.49M $USDC,… pic.twitter.com/TwdS0XdwlR
— Lookonchain (@lookonchain) January 18, 2025
One other investor, who stays nameless, capitalized on the frenzy with a $20 million revenue. Shortly after the cryptocurrency’s launch, they spent roughly 1.1 million $USDC to purchase 5.97 million $TRUMP. They strategically bought a small portion for $404,000 and continued to carry nearly all of their holdings valued at $21 million.
In the meantime, a Solana-focused dealer, 0xSunNFT, turned their $653,000 funding into $3.7 million. By buying 999,895 $TRUMP tokens, they bought 199,895 tokens for $812,000, retaining 800,000 $TRUMP valued at $3.58 million.
TRUMP Value Motion
Based on CoinMarketCap’s newest knowledge, the TRUMP meme coin trades at $13.51 as of press time, marking a 108% surge within the final 24 hours. The cryptocurrency’s market capitalization has reached $2.55 billion, with a buying and selling quantity of $1.55 billion, reflecting its fast adoption and excessive liquidity.
Additionally Learn: XRP Breaks 7-Yr Document: Specialists Eye $10 Value Goal