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Trading volumes approached $1 billion and the coin’s value jumped over 300% in just a few minutes. By the time the dust settled, the price of $TRUMP had reached $7.1, up from $0.18 initially. At 6:21 p.m. (IST), the coin was trading at $21.51, reflecting a remarkable rise of 231.61%, according to CoinMarketCap data.
Built on the Solana network, the $TRUMP token has a total supply capped at 1 billion coins, with 200 million initially available. The remaining supply will be released in stages over three years.
Ownership is concentrated, with 80% of tokens held by CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight Fight LLC, a newly formed company based in Delaware. The token is currently valued between $17 and $18 per coin, according to reports.
Trump featured the coin on social media platforms Truth Social and 48 hour claim period.
The piece is inspired by Trump’s rallying slogan, “Fight, fight, fight,” which was reportedly shouted after surviving an assassination attempt in July 2024.
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 $ASSET NOW. Go to – Have fun! pic.twitter.com/flIKYyfBrC
– Donald J. Trump (@realDonaldTrump) January 18, 2025
The launch sparked a frenzy on social media, with some users celebrating the move as a bold step toward cryptocurrency, while others questioning its legitimacy. The official website denies any political connection, although the timing of the launch – just days before Trump’s inauguration on January 20 – has fueled speculation.
Skepticism around $TRUMP remains strong, particularly amid concerns over recent account hacks on cologne. The credibility of the project has also been questioned due to the concentration of ownership and unusual marketing approach.
Despite the controversy, trading volumes surged and some early investors reported big windfalls. One trader claimed a profit of $20 million within an hour of the coin’s release.
In less than three hours, $TRUMP’s market capitalization reached a staggering $8 billion. Trading volumes approached $1 billion and the coin’s value jumped over 300% in just a few minutes. By the time the dust settled, the price of $TRUMP had reached $7.1, up from $0.18 initially.
Someone turned $883 into $310,000 in 21 minutes by buying President Trump’s meme coin $ASSET. Wild stuff pic.twitter.com/64roYNCeil
– XRPHODL (@RetirementRight) January 18, 2025
Trump, who championed cryptocurrencies during his first term, has consistently positioned himself as a “cryptocurrency president.” Supporters view the $TRUMP token as a continuation of his pro-crypto stance, hinting that his next term could provide additional support for digital assets.
