How high can Trump's meme coin soar after a 10,000% surge?

Less than 24 hours after its release, the official meme coin "Official Trump" ($TRUMP), launched by newly elected U.S. President Donald Trump, has exploded online, with its price astonishingly skyrocketing by 10,000%, becoming a hot topic for 2025.

On Saturday morning, Trump announced his official token issuance on the social platform X (formerly Twitter), referring to himself as the "Crypto President." Just hours after this tweet, the coin rapidly rose, breaking all predictions made by crypto traders. (Recommended reading: Will Trump launch another coin? The strongest meme rush hits $25 billion this year)

The issuance price of $TRUMP was $0.18, and within the first hour of trading, it quickly broke $1. Unlike other meme coins that typically see a slight adjustment after reaching a milestone, $TRUMP's price soared all the way, surpassing the $10 mark by morning.

As of now, the price has climbed to a new high of $24.38, then retraced and stabilized around $20 for trading. According to DexScreener data, the 24-hour trading volume of $TRUMP has reached an astonishing $1.98 billion.

The current market price has increased by over 10,600% compared to its issuance price. Meanwhile, investors have shown strong interest, with the total number of holding addresses surpassing 335,000, making it one of the fastest-growing crypto assets in 24 hours.

Price analysis: How high can $TRUMP go?

Currently, while it is impossible to accurately predict the future price of $TRUMP, given its astonishing rise during the initial trading period, several analysts predict it may break the $30 to $40 marks this weekend.

Next Monday, Donald Trump will be sworn in to start a new presidential term, an event that could have a significant impact on the price of $TRUMP. With market sentiment remaining optimistic, $TRUMP might even aim for the $50 mark next week.