The Official Trump (SOL: $TRUMP) was announced on Saturday, January 18, 2025, by President Donald Trump via an X post. Soon after the announcement, the market cap ballooned to over $13 billion. In this article, we go into a detailed examination of $TRUMP, and its impact on the crypto market.
The TRUMP Meme Coin
According to the project’s official site, the $TRUMP meme coin is an expression of support for Trump and engagement with his ideals and beliefs. The site makes it known that $TRUMP is not political or intended to be part of any political campaign, office, or government agency.
The total supply of $TRUMP coins is 1 billion, with 200 million in circulation. The remaining 80% of the supply is held by insiders. Of the 200 million coins in circulation, 100 million went to the liquidity pool, while the remaining coins are in public distribution.
Melania Trump Launches Her Own Coin
A few hours after the $TRUMP meme coin went live, Melania Trump also launched her own coin called Official Melania (SOL: $MELANIA). As of Monday, January 20, 2025, the $MELANIA meme coin was trading at $8.33, with a market cap of $1.6 billion.
TRUMP Market Performance
After initially soaring to a high of $75.35 on January 19, 2025, the $TRUMP meme coin was down 36.13% to $46.81 as of Monday, January 20, 2025. It has a market cap of $9.35 billion from its highs of over $13 billion earlier.
Despite the drop in price, the 24-hour trading volume remains elevated at $41.82 billion, over four times the market cap. With a total supply of 1 billion coins, the fully diluted value of the coin stands at $46.58 billion.
Where To Buy?
Both $MELANIA and $TRUMP are listed on most major exchanges, such as Binance, Bybit, OKX, Kraken, KuCoin, Bitget, MEXC, Gate.io, and HTX. Additionally, they are listed on numerous decentralized exchanges such as Meteora, Raydium, and Orca.
The team tokens, which account for 80% of the total supply for both tokens, have a lockup period of between one month and 13 months.
Crypto Market Soars After Official Trump ($TRUMP) Launch
Following the launch of the $TRUMP and $MELANIA meme coins, the crypto market saw a huge surge in trading volume. The total crypto market cap hit a new all-time high of $3.72 trillion on Monday, January 20, 2025, with Bitcoin hitting a new all-time high of $109,114.88.
Altcoins have had a great trading session, with Solana (SOL) rising to a new all-time high of $294.33 on Sunday, January 19, 2025. However, it dropped 13.78% by Monday to $253.57 per coin.
Is Now The Time To Invest In PolitiFi Coins?
The launch of the $TRUMP token signals a change in how crypto is viewed at the highest level of government. While Trump had been initially opposed to the crypto industry, he has since warmed up to crypto. The president has promised to create a US Bitcoin reserve within his first 100 days in office, with Polymarket participants predicting a 56% chance of that happening. Consequently, investing in meme coins now could potentially pay off in a huge way in the coming months as excitement around PolitiFi meme coins builds up.
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