President-elect Donald Trump has unveiled his official meme coin, $TRUMP, marking a bold entry into the cryptocurrency space. The announcement was made on X (formerly Twitter), where Trump encouraged his supporters to participate in the initiative.
In just nine hours after its launch, $TRUMP achieved a staggering market capitalization of $4 billion, according to cryptocurrency aggregator Coingecko. The coin, initially priced at $4.29 shortly after the announcement, experienced a dramatic surge of 414.7%, reaching $20.59 by early morning.
Trump’s post read:
“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 launch is strategically timed just days before Trump’s inauguration as the 47th president on January 20. The official $TRUMP website touts the coin as more than a digital asset, branding it as a “piece of history” that embodies Trump’s resilience. This narrative highlights his recovery from a reported assassination attempt at a campaign rally in Butler, Pennsylvania, on July 13.
Key Details About $TRUMP
- Initial Supply: 200 million $TRUMP coins available on the first day.
- Total Supply: Set to grow to 1 billion over three years.
- Release Schedule: Gradual distribution over three years to ensure longevity and engagement.
The website positions $TRUMP as a tribute to the president-elect’s unyielding spirit, encouraging supporters to invest and engage in what is being framed as an unprecedented opportunity to align with Trump’s digital brand.
The rapid rise of $TRUMP highlights the influence of Trump’s persona and the growing appeal of meme coins in blending pop culture with cryptocurrency. Critics and supporters alike are closely watching how this venture will develop as Trump prepares to take office.
