$TRUMP Coin climbs from $0.18 to $28.9 !!!!
Donald Trump has grabbed headlines againāthis time with his brand-new $TRUMP meme coin. Launched just days before he steps into office for a second term, the coinās market cap rocketed to a jaw-dropping $8 billion in under three hours. Trading volumes shot up to $1 billion, and the price soared from $0.18 to $7.10 in minutesāa massive 300% surge. by 3:55PM UTC+1 the coin already reached $28.9 !!!
Built on Solana, the tokenās total supply is capped at 1 billion coins, with 200 million released at launch. The rest will trickle out over three years. Ownership is largely held by CIC Digital LLC (a Trump Organisation subsidiary) and Fight Fight Fight LLC, a new Delaware-based company.
Trump introduced the meme coin on his own social media platform, Truth Social, and on X (formerly Twitter). He called it his āofficial Trump memeā and told followers they only have a 48-hour window to snag some tokens at gettrumpmemes.com. The coinās name nods to the slogan āFight, Fight, Fight,ā something Trump allegedly shouted after surviving an assassination attempt in July 2024.
No surprise, the internet went crazy. Some people see $TRUMP as a bold leap into crypto, while others are skepticalāespecially given Trumpās track record with quirky ventures (like pricey watches and āassassination attemptā cologne). Plus, 80% of the token supply is in just two companiesā hands, raising eyebrows about decentralization. Yet, big trading volumes and eye-popping gains have overshadowed the doubts, at least for now. One lucky trader claims they cashed in $20 million in profits within an hour of launch.
For fans, $TRUMP simply cements Donald Trumpās status as the ācrypto president.ā Theyāre hoping his second term will bring even more love for digital assets.
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