$TRUMP Coin Surges 4,200% After Explosive Launch/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ President-elect Donald Trump launched $TRUMP, a meme coin on the Solana blockchain, sparking a frenzy in the crypto world. The token saw a meteoric 4,200% rise within hours, achieving a $7.7 billion market cap and making traders millions. While some hail it as a game-changer, others question its legitimacy and long-term impact.
Trump’s $TRUMP Meme Coin Launch Shakes Up Crypto: Quick Looks
- Explosive Debut: $TRUMP surged 4,200% in two hours, reaching $7.7 billion in market cap.
- FOMO and Profits: A trader turned a $1.1M investment into $23M in minutes.
- Trading Frenzy: The coin saw $1 billion in trading volume with 200M tokens in circulation.
- Social Media Buzz: Trump announced $TRUMP on Truth Social, calling it a celebration of “WINNING.”
- Skepticism Rises: Critics question whether $TRUMP is a sustainable investment or campaign stunt.
- Global Attention: The launch dominates crypto discussions but raises security and authenticity concerns.
$TRUMP Coin Surges 4,200% After Explosive Launch
Deep Look
Explosive Launch
President-elect Donald Trump unveiled $TRUMP, a meme coin on the Solana blockchain, on January 17, just days before his inauguration. The announcement on Trump’s social media platform, Truth Social, declared the coin as a celebration of “everything we stand for: WINNING!”
Within hours, $TRUMP captured the crypto market’s attention, skyrocketing 4,200% and reaching a staggering $7.7 billion market cap. The token’s rapid rise became the hottest topic across social media platforms, sparking debates and fueling a fear of missing out (FOMO) among traders.
Major Profit for Traders
One trader made headlines by purchasing nearly 6 million $TRUMP tokens for $1.1 million in USDC. In just 90 seconds, the investment ballooned to $23 million, with the trader selling a small portion while retaining 5.43 million tokens. Their remaining holdings represent over $20 million in profit, according to blockchain tracker Lookonchain.
Market Stats
According to Binance analytics platform Introbillion:
- Circulating Supply: 200 million $TRUMP tokens.
- Market Cap: $14.5 billion.
- Trading Volume: Surpassed $1 billion in the first day.
Community Reactions
While the coin’s launch generated excitement, it also drew skepticism. Critics raised concerns about the project’s legitimacy and potential vulnerabilities, such as account theft or manipulation.
Many crypto enthusiasts are debating whether $TRUMP represents a genuine financial opportunity or merely a political stunt aimed at energizing Trump’s base.
The Bigger Picture
The $TRUMP meme coin highlights the growing intersection of cryptocurrency and political influence. With such a high-profile figure entering the blockchain space, $TRUMP has the potential to either disrupt the market or fade as a speculative bubble.
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