Donald Trump launched a new meme coin on Friday which created a stir in the crypto market. Within a few hours of its launch, it climbed by about 8000 percent and its market cap reached $15 billion. At first people thought that Trump’s account had been hacked.
New Delhi: Donald Trump, who is going to become the President of America, launched a new crypto token $TRUMP on Friday. As soon as it was launched, it created a stir in the crypto market. Within a few hours, it rose by about 8000 percent and its market cap crossed $15 billion.
Donald Trump launched a new meme coin- people thought it was a joke:
When its market cap reached $10 billion, it surpassed the S&P’s returns of the last 40 years. The speed at which its market cap was jumping, people started suspecting that someone might have hacked Trump’s account.
Its price at launch was $0.18, which rose 7,790 percent to $15.13 in a few hours. It rose 4,200 percent in the first two hours after launch. This Solana-based meme coin started with posts on Trump’s social media accounts Truth Social and X. It created a stir as soon as it was launched.
Many users were under the illusion that Trump’s social media account may have been hacked. But the meme coin continued to rise. Within three hours of launch, the market cap of $TRUMP rose to $8 billion.
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. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
What is the theme:
Trading volume reached close to $1 billion. A trader made a profit of $20 million in less than an hour. This coin is inspired by Trump’s theme ‘Fight, Fight, Fight’. This meme coin was launched with 200 million coins.
There will be a total supply of 1 billion in the next three years. 80% of the tokens are owned by CIC Digital LLC, a subsidiary of The Trump Organization, and Fight-Fight-Fight LLC, which was registered two days ago.
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