Trump-themed cryptocurrency, known as a meme coin on the Solana network, has entered the market officially. This was announced by Donald Trump himself on X date, with many others jumping in to share their predictions and encouragement. The overall meme coin ecosystem within Solana has been growing since this announcement, and it’s anticipated that the Trump-themed cryptocurrency will call for traders and investors to prepare for some exciting times ahead.
Donald Trump Launches TRUMP Meme Coin
According to recent announcements, Donald Trump, who will soon become the U.S. President, has introduced a meme coin called TRUMP. People can obtain this digital currency via the official website. The unveiling of this coin was communicated through his verified X profile, indicating that the motivation behind creating TRUMP is to commemorate his victory.
The Founder and CEO of Professional Capital Management, Anthony Pompliano, has shown his enthusiasm over the debut of the TRUMP meme coin. He’s urged everyone to prepare themselves, stating that the financial markets might not be fully prepared for the impact that the Solana meme coin is set to deliver. Moreover, he pointed out that in just three hours after its official launch, it has already reached a market value of $8 billion.
According to the information provided, it’s possible to acquire TRUMP meme coins through either a debit card transaction or by using cryptocurrency. Owning a TRUMP meme coin means you become a member of the Trump Meme Community, where the values of success and optimism are promoted and celebrated.
TRUMP Transactions and Speculation
Investors have been actively engaging in transactions involving TRUMP, with significant amounts being both spent and earned. It is said that the founder of OxSun Group, 0xsun.sol, has amassed over $3.7 million from TRUMP. This was achieved by purchasing a substantial number of 999,895 TRUMP tokens at a cost of approximately 3,000 SOL tokens, which equates to around $653,000. Subsequently, 0xsun.sol went on to sell these tokens for roughly 3,616 SOL, valued at about $812,000.
A different trader acquired approximately 5.97 million TRUMP using an initial investment of $1.1 million USDC. Subsequently, they offloaded 543 thousand TRUMP tokens for roughly $404k, resulting in a profit of nearly $20 million. At present, they still hold about 5.43 million TRUMP tokens that remain unsold.
Immediately following this news, there were suspicions within the crypto community whether it was a prank or a fraudulent act. However, with further revelations of additional TRUMP transactions emerging, these doubts seem to be dissipating.
To illustrate, OnChain Lens on platform X reported that a significant investor (a ‘whale’) bought 6.1 million TRUMP tokens using 2.72 million USDC. Later, this whale sold off 5.52 million TRUMP tokens at a price of $6.38 million. This left the whale with 575,334 remaining TRUMP meme coins valued at $1.88 million and earning substantial profits. Given this rapid activity, it’s possible that TRUMP will soon be among the popular meme coins to invest in, as was the case earlier this year.
Performance of the Solana Meme Coin
Trump’s price experienced a significant surge over the past 24 hours, now standing at $12.46. Earlier today, it reached a low of $6.24, while peaking at $15.13.
In the past day, certain well-known meme tokens on the Solana network have experienced notable increases in value. For instance, BONK has seen a rise of 9.9%, currently trading at approximately 0.00003178 USD.
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2025-01-18 10:12