Donald Trump Launches $TRUMP Meme Coin Ahead of Presidency, Market Cap Soars to $7.31B

The release of $TRUMP was orchestrated by CIC Digital LLC, an affiliate of the Trump Organization, which has previously ventured into branded products like shoes and fragrances.

The cryptocurrency market has seen a new entry with the launch of $TRUMP, an official meme coin from Donald Trump, the incoming 47th President of the United States. Within hours of its release, the cryptocurrency has soared to a market capitalization of $7.31 billion, making it one of the most talked-about launches in crypto history. As Trump prepares to take office, the question on everyone’s mind is: how far can the $TRUMP price climb?

The release of $TRUMP was orchestrated by CIC Digital LLC, an affiliate of the Trump Organization, which has previously ventured into branded products like shoes and fragrances. The coin’s introduction coincides with Trump’s return to the presidency, capitalizing on his massive public following and unique ability to generate hype. Meme coins like $TRUMP are often used to build momentum around viral movements, but they come with inherent risks due to their lack of intrinsic value and extreme volatility.

By Saturday afternoon, just hours after its launch, $TRUMP had already reached a market capitalization of $5.5 billion. This impressive figure highlights the intense market interest, fueled by both Trump supporters and speculative traders. Adding to the intrigue, 80% of the total tokens are held by CIC Digital LLC and Fight Fight Fight LLC, leaving only 200 million tokens in circulation out of a total supply of 999.99 million. This limited availability has created a scarcity effect, further driving up prices.

A closer look at the TradingView chart reveals strong bullish momentum, with clear signals of upward price potential. Resistance is observed around the $36.9 mark, a key zone that the price is currently testing. If $36.9 is broken, the next target could be $40. On the downside, support at $24 provides a cushion, ensuring price stability even in case of a pullback.

The RSI (Relative Strength Index) is near the overbought zone at 70.40, reflecting strong upward momentum. While this indicates bullish strength, it also suggests a potential short-term consolidation or correction before the next rally.

The continuous green Heikin Ashi candles indicate persistent buying pressure, while strong trading volumes confirm sustained market interest. However, a slight decline in candle size toward the end may hint at slowing momentum.

Beyond the technical indicators, the market fundamentals offer additional insights into $TRUMP’s trajectory. A market cap of $7.31 billion and 24-hour trading volume of $11.05 billion indicate significant liquidity and high trader activity. The Vol/Mkt Cap ratio of 158.53% is particularly striking, showing that the coin’s volume exceeds its market cap, a sign of heightened speculative interest.

With only 20% of the total supply in circulation, scarcity is driving demand in the short term. However, the planned release of the remaining 800 million tokens over the next three years could introduce selling pressure, potentially stabilizing or even lowering prices.

While Trump’s involvement has generated enthusiasm, critics have raised concerns about the coin’s centralized ownership structure. With 80% of the tokens owned by Trump-affiliated entities, the potential for price manipulation cannot be ignored. Additionally, the highly speculative nature of meme coins poses risks for retail investors, particularly those who join the trend late.

Based on technical analysis and market conditions, $TRUMP has significant upside potential in the short term. If the resistance at $36.9 is breached, the price could quickly rise to $40. Beyond that, the mid-term target of $50 is achievable if market momentum remains strong and no major negative developments occur. However, investors should monitor token release schedules and regulatory developments, as these could impact price stability.

The launch of $TRUMP is more than just a cryptocurrency story—it’s a cultural phenomenon. By tying his brand to a meme coin, Trump has effectively blended political influence with the power of social media and crypto hype. This move also highlights a shift in Trump’s stance on cryptocurrency. While he was once skeptical of digital assets, he now envisions the U.S. as the “crypto capital of the planet.” His administration is expected to take a more crypto-friendly stance, a sharp contrast to the regulatory crackdown under President Joe Biden.

However, the coin’s launch has not been without controversy. Critics argue that the timing of the launch, just days before Trump’s inauguration, is opportunistic and could result in financial losses for latecomers. The centralized nature of the token’s ownership also raises questions about fairness and transparency.

The official $TRUMP cryptocurrency has already made a significant impact, both in the market and in public discourse. While the price shows room for further growth, driven by strong technical indicators and market fundamentals, investors should remain cautious. The centralized token structure, combined with the inherent volatility of meme coins, presents significant risks alongside the potential rewards.