Donald Trump, the newly elected U.S. president, has made waves in the cryptocurrency world by launching his own meme coin called $Trump. The announcement came on Saturday via X (formerly Twitter), where Trump encouraged his followers to join this new venture.
Within just nine hours of its launch, the $Trump coin reached an impressive market cap of $4 billion, as reported by Coingecko. Initially priced at $4.29 shortly after its release, the coin experienced a dramatic rise in value, climbing by 414.7% to trade at $20.59 by early morning.
Trump shared his excitement on X, saying:
“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 gettrumpmemes.com — Have Fun!”
The timing of the launch is noteworthy, as it comes just days before Trump’s inauguration as the 47th president of the United States on January 20. According to the official $Trump website, this coin is more than a cryptocurrency; it is a “piece of history,” symbolizing Trump’s determination and resilience. This sentiment reflects the former president’s recovery after surviving an assassination attempt during a campaign rally in Butler, Pennsylvania, on July 13.
On its launch day, 200 million $TRUMP coins were made available, with plans to expand the total supply to 1 billion coins over the next three years. The coins will be distributed according to a set release schedule during this time.
The $Trump coin is presented as a way for supporters to celebrate Trump’s leadership and connect with his legacy in a fun, digital way. With its rapid growth, the coin has already proven to be a powerful statement in both the crypto space and Trump’s brand.
