Donald Trump Releases Memecoin on Solana, Market Cap Reaches US$2 Billion

President-elect of the United States (US) Donald Trump has just released Memecoin with the ticker TRUMP today. The crypto already has a market capitalization value of US$2.33 billion.

Reported by CoinMarketCap, Saturday (18/01), TRUMP managed to record a price of US$11 or an increase of 73% in the last 24 hours of trading. The token was released on the Solana blockchain network.

The token has a supply of 999 million coins. However, until now the supply of tokens that have only been distributed is around 20% or equivalent to 200 million coins and is traded for up to US$1.1 billion.

Trump just announced the token a few hours ago on his Truth Social social media account.

"My latest meme is here! It's time to celebrate everything for the victory!," Trump tweeted.

anyone know what coin?

-# image source: X