Donald Trump has once again captured global attention, this time with the launch of his $TRUMP meme coin. Announced just days before his second term as President of the United States, $TRUMP’s market cap soared to an eye-popping $8 billion in less than three hours.
Trading volumes approached $1 billion, and the coin’s value surged over 300% within minutes. By the time the dust settled, the price of $TRUMP had reached $7.1, up from an initial $0.18. As of 6:21 PM (IST), the coin was trading at $21.51, reflecting a remarkable 231.61% increase, as per CoinMarketCap data.
Built on the Solana network, the $TRUMP token has a total supply capped at 1 billion coins, with 200 million available initially. The remaining supply will be released in phases.
Ownership is concentrated, with 80% of the tokens held by CIC Digital LLC, a Trump Organisation subsidiary, and Fight Fight Fight LLC, a newly formed Delaware-based company. The token is currently valued between $17 and $18 per coin, according to reports.
Trump introduced the coin on social media platforms Truth Social and X (formerly Twitter), calling it his “official Trump meme” and urging followers to acquire tokens through the website gettrumpmemes.com before the 48-hour claiming window closes.
The coin draws inspiration from Trump’s rallying slogan, “Fight, Fight, Fight”, reportedly shouted after surviving an assassination attempt in July 2024.
