Donald Trump could see his fortune quintuple thanks to $TRUMP

The memecoin $TRUMP shook the crypto market this weekend, seeing its value soar by 490% in less than 24 hours. This spectacular performance could have quintupled the fortune of former U.S. president Donald Trump, according to analysts.

The memecoin $TRUMP, launched by former U.S. president Donald Trump, has caused quite a stir in the crypto market over the weekend. The token, available on the Solana blockchain, has seen its value increase by 490% in less than 24 hours.

This spectacular performance could have quintupled the fortune of former U.S. president Donald Trump, according to analysts.

The launch of the TRUMP memecoin on the Solana blockchain caused an unprecedented financial earthquake upon its introduction. Announced simultaneously on Truth Social and X by Donald Trump himself, the token immediately sparked global interest, generating an astronomical transaction volume of nearly $10 billion in less than 24 hours.

In just three hours, the token’s market capitalization reached the impressive figure of $8 billion, propelling TRUMP directly into the top 30 of global cryptos. This meteoric rise then stabilized around $5.7 billion, with a fully diluted value of $28.5 billion.

The effect instantly spread to the entire Solana ecosystem. The SOL token recorded a spectacular increase of 16%, rising from $220 to $260 within hours, driven by a massive influx of new investors.

This bullish wave also benefited other major players in the Solana ecosystem, particularly the decentralized exchange platforms Raydium (RAY) and Jupiter (JUP), illustrating the domino effect of this launch.

Major implications for the fortune of the new president

The investigation conducted by Arkham Intelligence reveals a striking reality: 80% of TRUMP tokens are concentrated in the hands of two entities, CIC Digital LLC and Fight Fight Fight LLC, both closely linked to Donald Trump. With a price settling around $28, this massive stake represents a colossal amount of $22.4 billion.

This exceptional valuation could quintuple the personal fortune of the former new president, which Forbes estimated at $5.6 billion in November 2024. A meteoric wealth creation that, even if it remains theoretical, illustrates the dizzying potential of memecoins in the modern digital economy.

However, this extreme concentration of the token raises serious concerns. While Trump’s team is said to have already made over $500 million in profits, the risks of market manipulation and the lack of decentralization appear as critical points.

Even more concerning, this presidential initiative risks opening the Pandora’s box. If an American president can launch his own memecoin, nothing would prevent other political figures, celebrities, or influencers from following suit.

This situation could lead to an uncontrolled proliferation of tokens without real utility, transforming the crypto market into a vast speculative casino. The strict regulatory approach of Gary Gensler at the SEC, although sometimes criticized, could ultimately prove to have been prophetic!