- TRUMP Meme Coin reached a market cap of $8 billion just 3 hours after launch on Solana.
- Early TRUMP traders turned a $1 million investment into over $2 million in profits.
- Solana DEX volumes soared to $12.9 billion within 24 hours of the meme coin’s release.
On January 17, 2025, President-elect Donald Trump officially released a new coin on the Solana blockchain called TRUMP. Announced via Trump’s official social media profiles, it marked a milestone in the growing popularity of meme coins in the cryptocurrency market. The new meme coin has been making waves and is already recognized for its meteoric rise in market capitalization and increase in its active user base.
Meme Coin Performance and Market Activity
TRUMP reached a market capitalization of $8 billion within hours of its launch. This rise was accompanied by an increase in trading volume and activities of some of the major traders and investors. According to Blockchain Analytics Company Lookonchainearly investors made huge profits and some traders who invested a million dollars made massive returns. For example, one trader bought over 4.5 million tokens for $1 million USDC and sold them for over $2 million.
The meme coin can be purchased using debit cards and cryptocurrencies. Investors who own this coin are part of Trump Meme community highlighting aspects of winning and positive thinking. Although some members of the crypto community have had doubts about the meme coin, the project has been continuously traded and the high trading volume proves that it is not a scam.
Whale activity and high-level professions
The TRUMP token has also attracted a lot of investment from Whale investors, and some of the large transactions have been brought to public notice. For example, a whale purchased 5.97 million tokens using a 1.1 million US dollar coin. They later sold 543,000 tokens for almost $20 million. Other high-profile investors, including anonymous investors, have made a lot of money buying and selling millions of meme coin tokens.
Additionally, this has led to a sharp increase in the volume of decentralized exchanges (DEX), with DEX based on Solana Meteora recorded over $4 billion in 24 hours after the token was launched. The increasing market activity highlights the popularity of the token and is part of a broader trend of increased trading activity within the Solana network.
Tokenomics and future plans for TRUMP
TRUMP has a maximum supply of one billion tokens that will be distributed over three years. Initially, 200 million tokens were released and the rest will be released every month for the next three years. CIC Digital, associated with its NFT projects, has an allocation schedule that spans the next two years.
The meme coin is expected to capitalize on Solana’s popularity and meme coin market trends. The token and its market performance are expected to be a model for other meme coins on Solana and strengthen the role of blockchain in the crypto market.