Saturday, January 18, 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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