Trump Unveils ‘$TRUMP’ Meme Coin Ahead of Inauguration

Trump Unveils ‘$TRUMP’ Meme Coin Ahead of Inauguration

President-elect Donald Trump has made waves in the cryptocurrency world by launching his own meme coin, $TRUMP, which has already achieved a staggering market capitalization of $6.8 billion.

Someone turned $883 into $310,000 in 21 mins by buying President Trump's meme coin $TRUMP. Wild stuff pic.twitter.com/64roYNCeil
— XRPHODL (@RetirementRight) January 18, 2025

Trump unveiled the coin in a celebratory post on X, declaring it a tribute to “WINNING” and inviting supporters to join his exclusive Trump Community. “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! GET YOUR $TRUMP NOW,” he wrote on Saturday.

The launch sparked a frenzy in the crypto market, with reports from The Crypto Times revealing massive profits for early traders. One investor reportedly turned a $1.1 million purchase of $TRUMP into $23 million within minutes, thanks to the coin’s meteoric rise. Starting at $0.18, the token surged to $3.70 and now stands at $7.10—a 4,000% increase.

Developed on the Solana blockchain, $TRUMP debuted with 200 million tokens, with plans to expand the supply to 1 billion over the next three years.

🚨JUST IN: A trader is up $29.8M on $TRUMP, Donald Trump’s official memecoin on Solana. He spent $1.09M to buy 5,971,750 TRUMP coins, now worth $30.8M in under 2 hours—a 2,634% gain. The trader has not sold any coins yet. pic.twitter.com/HS56HoA85X
— SolanaFloor (@SolanaFloor) January 18, 2025

This launch comes just ahead of Trump’s inauguration on Monday, where he and Vice President-elect JD Vance will officially assume office. Due to frigid temperatures marking the coldest inauguration in four decades, the ceremony has been moved indoors to the Capitol Rotunda.

Meanwhile, the number of Democrats reportedly planning to skip the event continues to grow, adding a layer of political drama to an already historic week.