On January 19, the $Trump memcoin, officially introduced by Donald Trump, reached a price of over $45, which was an unexpected and significant increase for a cryptocurrency that was created just a few days ago. Information about this was made public by the TradingView platform.
On January 18, US President-elect Donald Trump announced the launch of his memcoin $Trump, based on the Solana blockchain. The announcement, made through his official social media accounts X (formerly Twitter) and Truth Social, created quite a stir among cryptocurrency investors. In his address, Trump noted that the new token is a symbol of his “victory” and invited his supporters to join a “special community” by urging them to buy $Trump.
Immediately after the launch, memcoin quickly increased in price, reaching a peak of $23.03 on the same day, and has already crossed the $45 mark today. The trading volume of the token during the day amounted to more than $11 billion. According to DexScreener, $Trump’s market capitalization is estimated at $4.28 billion, considering only 200 million tokens in circulation. The coin has a total supply of 1 billion tokens, but 80% of them remain locked up and will be phased in over the next three years.
Memcoin $Trump is already being called one of the most successful launches in recent years, but experts warn about its long-term stability. In particular, they note that the viability of the coin may depend on the success of Trump’s presidential term, as well as on the US regulatory policy in the field of cryptocurrencies. According to Bloomberg, Donald Trump plans to make the development of cryptocurrencies a priority of his administration, which could create new opportunities for the industry.
Despite the great prospects, the cryptocurrency market remains volatile, and analysts are closely monitoring the further development of the situation around $Trump, which has already become an indicator of the interaction between politics and blockchain technologies.
