Donald Trump’s Official Meme Coin Soars with a 1,000% Spike
Trump’s Meme Coin Takes the Market by Storm
Donald Trump has officially entered the cryptocurrency world. Over the weekend, Trump launched his meme coin, $TRUMP. This move surprised many and led to massive attention online.
The new token, dubbed the “Trump Meme,” gained significant traction within hours. Its market capitalization hit over $20 billion. Prices spiked by 1,000%, soaring to nearly $70 per token before retreating.
Social Media Buzz and FOMO Frenzy
The token launch sparked widespread chatter on X (formerly Twitter) and Truth Social. Trump’s posts invited supporters to join his “special Trump Community.” The posts emphasized winning and patriotism, rallying buyers to get their hands on $TRUMP.
Despite some skepticism, the launch created a FOMO-driven buying spree. Weekend trading saw the token’s value surge to extraordinary levels.
Caution in the Fine Print
The $TRUMP token’s terms reveal surprising details. The tokens are explicitly “not an investment contract” or a “security.” The Trump Organization, however, profits from trading activities.
Nearly 80% of the token’s supply is controlled by Trump-affiliated entities. These include CIC Digital and Fight Fight Fight LLC.
Impact on Solana Blockchain
The Trump meme coin is built on the Solana blockchain. Its launch boosted Solana’s price to an all-time high of $292. Solana’s performance further highlights the impact of the $TRUMP token.
Market Sentiment and Future Prospects
Although the token has lost 30% of its peak value, interest remains high. The $TRUMP meme coin demonstrates the powerful blend of celebrity influence and crypto hype.
The token’s future will likely depend on its ability to sustain market interest. For now, Trump’s foray into meme coins is making waves.
SOURCE: Trading View
