Donald Trump’s $TRUMP Coin Soars with $14.5B Crypto Market Debut

On January 17, 2025, Donald Trump unveiled his $TRUMP meme coin, which quickly sent shockwaves through the cryptocurrency market. Built on the Solana blockchain, the coin experienced an unprecedented surge, with its market cap soaring to an astounding $14.5 billion just hours after its launch. Initially priced at $0.18, the token’s value skyrocketed to $7.10 before settling at $21.51 by 6:21 PM IST, reflecting an extraordinary 231.61% increase, according to CoinMarketCap data.
Trump announced the $TRUMP token on his Truth Social platform, declaring: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” His followers were urged to acquire tokens through the official website, gettrumpmemes.com, within the 48-hour claiming period, creating a sense of urgency and exclusivity.
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 https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Explosive Growth and Investor Windfalls
The launch of $TRUMP ignited a trading frenzy. Within the first hour, trading volume reached nearly $1 billion, and early adopters reaped significant gains. One trader reportedly acquired approximately 6 million $TRUMP coins for $1.1 million in USDC, only to see their investment balloon to $23 million in a matter of seconds. Although they sold a small portion of their holdings, they retained 5.43 million coins, with profits exceeding $20 million, as per multiple reports.
The coin’s meteoric rise also catapulted its market capitalisation to $7.7 billion within two hours of its debut. Social media platforms erupted with discussions surrounding the token’s legitimacy, its potential as a long-term investment, and its implications for Trump’s future involvement in the cryptocurrency landscape.
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As the $TRUMP coin continues to dominate headlines, it has sparked broader conversations about the intersection of politics, culture, and the growing influence of meme-based cryptocurrencies in the global financial ecosystem.