Donald Trump’s $TRUMP coin dominates crypto scene with explosive $14.5 billion debut

On 17 January 2025, Donald Trump launched his $TRUMP meme coin, and within hours, it took the cryptocurrency world by storm.

The coin, built on the Solana network, saw an astonishing surge in value, with its market cap reaching a staggering $14.5 billion within just a couple of hours of its debut.

Initially priced at $0.18, the coin’s value shot up to $7.1 before stabilising at $21.51 by 6:21 PM IST, marking an incredible 231.61% increase, according to CoinMarketCap data.

“My NEW Official Trump Meme is HERE!”

Trump’s introduction of the $TRUMP token was made through his Truth Social platform, where he announced: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” The announcement quickly gained traction, with Trump urging followers to grab tokens via the official website, gettrumpmemes.com, before the 48-hour claiming window closed.

Explosive Growth and Early Profits

The launch triggered a massive trading frenzy. Within just one hour, the trading volume hit nearly $1 billion, and early investors saw substantial profits. One trader, who bought nearly 6 million $TRUMP coins for about $1.1 million using USDC, watched their investment soar to $23 million in just 90 seconds. Despite selling a small portion, the trader was left with 5.43 million coins, still showing a profit of over $20 million, according to reports from from Lookonchain.

The coin’s rapid rise was equally impressive in terms of its market capitalisation, which reached $7.7 billion within two hours of launch. This meteoric rise has ignited a frenzy on social media platforms, with discussions about its legitimacy, its value, and whether it signals a new chapter in Trump’s relationship with cryptocurrencies.

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