- TRUMP Meme Coin reached an $8B market cap just 3 hours post-launch on Solana.
- Early TRUMP traders turned a $1M investment into over $2M in profits.
- Solana DEX volumes soared to $12.9B within 24 hours of the meme coin’s release.
On January 17, 2025, President-elect Donald Trump officially released a new meme coin on the Solana blockchain called TRUMP. Announced through Trump’s official social media profiles, it marked a significant step 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 climb in market capitalization and increasing active user base.
Meme Coin Performance and Market Activity
TRUMP achieved an $8 billion market cap hours after the launch. This rise was accompanied by higher trading volume and activities of some of the leading traders and investors. According to Blockchain analytics firm Lookonchain, early investors made huge profits, and some traders who invested a million dollars made massive returns. For instance, one trader bought more than 4.5 million tokens using $1 million USDC and sold them for over $2 million.
The meme coin can be bought using debit cards and cryptocurrencies. Investors who own this coin become part of the Trump Meme Community highlighting aspects of winning and positive thinking. Although some crypto community members had doubts about the meme coin, the project has been continuously traded, and the high volume of transactions proves that it is not a scam.
Whale Activity and High-Profile Trades
The TRUMP token has also attracted lots of investments from Whale investors, and some of the big transactions have been made known to the public. For instance, a whale bought 5.97 million tokens using a $1.1 million USD Coin. Later, they sold 543,000 tokens for nearly $20 million. Other prominent investors, including anonymous ones, have earned much money by buying and selling millions of the meme coin tokens.
Furthermore, it has led to a sharp increase in decentralized exchange (DEX) trading volume, with Solana-based DEX Meteora recording more than $4 billion in 24 hours of token launch. Increasing market activity highlights the token’s popularity and is part of a larger trend of escalated trading activity within the Solana network.
Tokenomics and Future Plans for TRUMP
TRUMP has a maximum supply of 1 billion tokens that will be distributed over three years. Initially, 200 million tokens were unlocked and the rest will be unlocked every month for the next three years. CIC Digital, associated with it’s NFT projects, has an allocation schedule that spans the next two years.
The meme coin is set to capitalize on Solana’s popularity and the market trends for meme coins. It is expected that the token and its market performance will be a model for other meme coins on Solana and strengthen the role of the blockchain in the crypto market.
