Launched January 17, 2025, on Solana as a “meme‑coin,” with 1 billion tokens minted—80 % owned by Trump‑affiliated entities and 200 million released to the public .
Its value rocketed from launch value (~$7 – 18 ¢) to a peak near $75 by January 19, ranking it among the top 20 cryptos .
After a volatile ride, it crashed to single digits by April—but each endorsement from Trump triggered temporary surges. A Truth Social post lifted it ~10 %, while dinner invitations to top holders boosted it ~58 % briefly .