Donald Trump launched his own $100,000 TRUMP Meme Coin

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President-elect Donald Trump launched a cryptocurrency called $TRUMP on Friday night, taking the cryptocurrency world by storm and making some investors big money overnight.

The price of the token rose to more than $33 sometime Saturday afternoon, with the market cap exceeding $6 billion, according to CoinMarketCap. As of this writing, the Trump dollar is trading at around $25, an increase of approximately 293 percent since its launch.

About the Trump $ coin

The $TRUMP crypto is created and runs on the Solana network and has a maximum supply of 1 billion tokens. According to the official website. Nearly 80 percent of its supply is owned by the Trump Organization’s CIC Digital and Fight Fight LLC, which is on a three-year opening schedule. Solana The price was also up 18 percent on Saturday afternoon.

The coin’s launch comes ahead of the inauguration of the next president on Monday, and follows a broader rally in cryptocurrency prices throughout 2024 and early 2025. Cryptocurrency investors have had a largely good year, benefiting from catalysts such as the approval of instant transactions Bitcoin and Ethereum ETFs And Trump’s public support for cryptocurrencies.

After expressing skepticism about cryptocurrencies during his last term as president, Trump changed his tune and began voicing his support for the cryptocurrency industry before the final stretch of his presidential campaign. During the election campaign, Trump accepted donations in Bitcoin and called for its creation National bitcoin stock.

Many in the industry credit Trump’s support with pushing the price of Bitcoin higher in recent months. As of Saturday afternoon, it was approaching $104,000.

At the inaugural Crypto Ball in Washington, D.C., which was also held on Friday night, David Sachs, Trump’s newly appointed crypto and AI czar, said: “The era of terror against crypto is over, and the beginning of innovation in America for crypto.” Cryptocurrencies are just getting started.”

Currency Rise Meme

A Meme coin It is a type of cryptocurrency that takes its inspiration from memes, personalities, or trends on the Internet. In this case, the re-election of Donald Trump and the subsequent hype that followed in the cryptocurrency community.

Memes are usually created with humor or wit, and are more often associated with jokes than any real-world application. The main factors that drive the price of currencies are not usually based on fixed assets or even underlying cash flow, meaning that the price is driven only by what others are willing to pay for it – unlike stocks and bonds.

A disclaimer on $TRUMP’s website states, “Trump Memes are intended to serve as an expression of support for and interaction with the ideals and beliefs embodied by the ‘$TRUMP’ symbol and associated artwork, and are not intended to be or be the subject of an investment opportunity or Investment contract or guarantee of any kind.”

However, this statement is in line with the growing popularity and changing sentiment surrounding meme coins throughout 2024 and into early 2025. Meme coins have been around since the dawn of cryptocurrencies themselves, but their popularity and associated nature has continued to grow. Through Internet culture and, now, shared belief systems.

Bottom line

Trump’s crypto rally underscores his newfound support for the industry while also representing the high-risk, high-reward nature of investing in cryptocurrencies. The possibility of making millions coexists with the reality of losing everything sometimes. If you want to get in on the action, take time to think about how cryptocurrencies fit into your long-term investment strategy and goals, rather than making cryptocurrencies your only strategy.

Editorial Disclaimer: All investors are advised to conduct their own independent research on investment strategies before making an investment decision. Additionally, investors are advised that past performance of an investment product does not guarantee future price appreciation.