Donald Trump’s $TRUMP Meme Coin Takes Crypto World By Storm With $14.5 Billion Market Capitalisation
January 17th was the wild day of the crypto market when Donald Trump, the newly elected President of the United States, dropped his official meme coin $TRUMP. He announced it on his Truth Social account and directed users to GetTrumpMemes and said “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”
As reported by CryptoTimes, $TRUMP launched as a memecoin on the Solana blockchain and is gone crazy; it gained more than 4,200% in 2 hours and went on to get a market capitalization of around $7.7 billion. All the crypto world is talking, confused and FOMOing all over social media.
One trader didn’t lose time and purchased 6 million $TRUMP for $1.1 million in USDC. In 90 seconds their investment was already worth $23 million. He sold a little part of the position but is still holding 5.43 million $TRUMP and according to Lookonchain, already earned more than $20 million.
The hype was massive with regards to the launching of the coin, but one cannot ignore account security and theft. Still, people are obsessed with the price and profits now.