#TrumpCrypto On January 18, then President-elect Donald Trump launched the $TRUMP token — a memecoin on the Solana blockchain — marking a significant step into the cryptocurrency space. Announced through X (formerly Twitter) and Truth Social, the token was promoted as a digital asset embodying community values and “winning.” Built on Solana, the $TRUMP token leverages the blockchain's high-speed, low-cost transaction infrastructure, making it efficient for both trading and integration within the ecosystem.

In the wake of the $TRUMP launch, the incoming first lady announced Sunday that she had launched her own memecoin on Solana. “The Official Melania Meme is live!” she posted on X. The token quickly soared to a total value of about $1.6 billion after its release.

The token’s specifications included a total supply of 1 billion tokens