Former U.S. President Donald Trump has just launched the meme coin Official Trump (TRUMP), marking a new step in the journey of linking political imagery with the cryptocurrency world. This is a currency based on the Solana blockchain, introduced as a cultural symbol combining humor, technology, and politics.
What is TRUMP?
TRUMP is the first meme coin directly associated with a U.S. President. This currency was officially announced on Trump's media channels such as #TruthSocial and X (formerly Twitter) at the time he was preparing to take office for his second term.
TRUMP uses the Solana blockchain, known for its fast transaction speeds and low costs, to align with the goal of reaching the mass market. Since its launch, TRUMP has achieved an impressive market capitalization of 10 billion USD, with about 855,000 wallet addresses on the Solana chain holding this currency.
How TRUMP Works
• Total supply: 1 billion tokens.
• Initial release: 200 million tokens have been put into circulation, with the remainder set to be gradually unlocked over 3 years.
• Management: The coin is operated by CIC Digital LLC (affiliated with the Trump Organization) and #FightFightFight LLC.
TRUMP is not defined as an investment or financial instrument. Instead, it is promoted as a way to express support and connect with the values this currency represents.
Why Launch the TRUMP Meme Coin?
Meme coins have long been considered a powerful tool for building community and attracting attention. The TRUMP coin is part of a strategy to expand Donald Trump's presence in the crypto space, following the success of the NFT collections he launched from 2022 to 2024.
With TRUMP, he not only exploits the appeal of memes but also positions this currency as a means to amplify his personal brand.
The Significance of TRUMP with Crypto
During the election campaign, Trump pledged to make America a leader in crypto, promising to support blockchain innovation and even build a strategic Bitcoin reserve fund.
The launch $TRUMP shows that crypto is increasingly playing an important role in politics and culture. Although this currency does not have a clear utility yet, it has created a significant effect on the market with strong price volatility immediately after its launch.
Controversies and Future
Many opinions suggest that TRUMP and the meme coin MELANIA (associated with First Lady Melania Trump) could be a 'rug pull' - a strategy to steal investors' capital. However, the TRUMP coin still attracts a large number of users, from traders, fans to the meme-loving community.
Will this currency be able to maintain long-term interest or is it just a temporary phenomenon? That remains a big question mark.
👉 With TRUMP, Donald Trump is not only drawing attention in politics but also becoming a prominent name in the world of cryptocurrency. #anhbacong
