Donald Trump launches his own $TRUMP coin

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

The price of the tokens soared to more than $33 at one point Saturday afternoon, with a market cap surpassing $6 billion, according to CoinMarketCap. As of this writing, $TRUMP is trading at around $25, an increase of almost 293% since its launch.

About the $TRUMP coin

The $TRUMP crypto was built and operates on the Solana network and has a supply cap of 1 billion tokens, according to the official website. Nearly 80% of its supply is held by CIC Digital and Fight Fight Fight LLC, a subsidiary of the Trump Organization, subject to a three-year unlock schedule. The price of Solanas also jumped 18 percent on Saturday afternoon.

The coin's launch comes just before the new president's inauguration on Monday and follows a broader rise in crypto prices throughout 2024 and early 2025. Crypto investors have largely had a good year, benefiting from catalysts such as the approval of Bitcoin and Ethereum spot ETFs. and trumps general support for crypto.

After expressing skepticism towards crypto during his final term as president, Trump changed his tone and began expressing support for the crypto industry ahead of the final leg of his presidential campaign. During his election campaign, Trump accepted Bitcoin donations and advocated for the creation of a national Bitcoin stockpile.

Many in the industry credit Trump's support for pushing the price of Bitcoin higher in recent months. As of Saturday afternoon, it stood at nearly $104,000.

At the first Crypto Ball in Washington, DC, which also took place on Friday evening, David Sacks, Trump's new crypto and artificial intelligence czar, said: The reign of terror against crypto is over and the start of innovation in America for crypto. has just started.

The rise of meme coins

A meme coin is a type of cryptocurrency that is inspired by memes, characters, or internet trends. In this case, the re-election of Donald Trump and the subsequent hype in the crypto community.

Meme pieces are usually created with a sense of humor or wit, often associated more with jokes than any real-world application. The main factors that determine the price of coins are generally not based on hard assets or even underlying cash flows, meaning the price depends solely on what others are willing to pay, unlike stocks and bonds.

A disclaimer on the $TRUMP Coins website states that Trump Memes are intended to function as an expression of support and commitment to the ideals and beliefs embodied in the $TRUMP symbol and associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, an investment contract or a security of any kind.

This statement, however, is in line with the growing popularity and evolving sentiment surrounding meme coins throughout 2024 and early 2025. Meme coins have been around since the dawn of crypto itself, but their popularity and their approachability have only continued to be fueled. by Internet culture and, now, by shared belief systems.

Conclusion

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

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. Furthermore, investors are advised that past performance of investment products is not a guarantee of future price appreciation.

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