Donald Trump Launches $TRUMP Meme Coin, Crypto Soars

Aakhir Tak – In Shorts

Donald Trump officially launched the $TRUMP meme coin.
The token’s price skyrocketed from $0.18 to $7.10 in hours.
$TRUMP achieved a $4.25 billion market capitalization.
The meme coin runs on the Solana network.
Out of 1 billion tokens, 200 million are for initial distribution.

Aakhir Tak – In Depth

The Launch of $TRUMP Meme Coin

Donald Trump’s $TRUMP meme coin launch has taken the cryptocurrency market by storm. Announced on his social media platform, Truth Social, Trump introduced the token with the message: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”

Market Response and Surge in Value

Economic Times reported that within hours, $TRUMP’s market capitalization soared by 220%, reaching $4.25 billion. The price surged from an initial $0.18 to $7.10, while trading volumes hit nearly $1 billion.

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Traders Cashing In

A savvy trader purchased approximately 6 million $TRUMP tokens for $1.1 million. Within minutes, their investment grew to a staggering $23 million, exemplifying the volatility and rapid returns of cryptocurrency.

Token Details and Supply Distribution

Launched on the Solana network, $TRUMP has a capped supply of 1 billion tokens. Out of this, 200 million are currently available, with the remaining 800 million set to be released over three years.

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Inspiration Behind the Coin

The coin draws inspiration from Trump’s rallying cry “Fight, Fight, Fight,” first chanted after surviving an attempted assassination in Pennsylvania in July 2024.

Trump’s Presidential Inauguration

Donald Trump is set to take the oath of office as the 47th President of the United States on January 20. The grand event will be held at Capital One Arena in Washington, D.C., with an expected attendance of 20,000 people.

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