Sunday, January 19, 2025 - Donald Trump, the United States president-elect, has officially launched a new meme coin named $Trump.
The announcement was made on X (formerly Twitter) on Saturday, where
Trump encouraged his supporters to join the initiative.
Just nine hours after its launch, $Trump reached a market capitalization
of $4 billion, according to cryptocurrency aggregator Coingecko. Initially
priced at $4.29 an hour after the announcement, the meme coin saw a dramatic
surge in value, increasing by 414.7 percent to trade at $20.59 as of 4:40 AM.
“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!” Trump wrote in his announcement.
The timing of the $Trump coin launch comes just days before Trump’s
inauguration as the 47th president of the United States on January 20.
According to the $Trump website, the meme coin is more than just a digital
asset—it is described as a “piece of history,” symbolizing Trump’s resilience,
particularly after surviving an assassination attempt during his campaign rally
in Butler, Pennsylvania on July 13.
The website further detailed that 200 million $TRUMP coins will be
available on day one, with a total supply set to grow to 1 billion $TRUMP over
the next three years. The distribution of coins will follow a scheduled release
over that period.
The $Trump website positions the coin as a tribute to a leader who
“never backs down, no matter the odds,” and invites supporters to invest in it,
framing the initiative as a unique opportunity to engage with Trump’s brand in
the digital space.
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