Former U.S. President Donald Trump Makes a Dramatic Entry into the Cryptocurrency Space with the Launch of His Own $TRUMP Meme Coin

Built on the Solana network, the token's debut saw an astronomical rise, with its market cap skyrocketing to $14.5 billion within hours of its release.

Former U.S. President Donald Trump has officially entered the cryptocurrency arena with the launch of his own meme coin, aptly named $TRUMP. This digital token, built on the Solana blockchain, has taken the digital currency world by storm since its debut on January 17, 2025.

According to CoinMarketCap, the $TRUMP coin commenced its journey at a modest price of $0.18, but it swiftly ascended to an impressive height of $7.1 within minutes, leaving traders in awe. The coin's value then settled at $21.51 by 6:21 PM IST, showcasing a remarkable surge of 231.61%, as reported by the cryptocurrency data aggregator. This astronomical rise quickly propelled the coin to the top of the trending list on cryptocurrency exchanges.

Trump announced the launch of his $TRUMP meme coin with a message on his Truth Social platform, which stated: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” This announcement swiftly reached his followers, and Trump urged them to claim their tokens through the official website, gettrumpmemes.com, before the 48-hour claiming window concluded.

The enthusiasm for the $TRUMP coin was evident from the moment it hit the market. Within the first hour of the coin's release, the trading volume surged to nearly $1 billion, according to CoinGecko. This phenomenal demand led to some early investors reaping staggering returns on their initial investments.

One trader, who had purchased nearly 6 million $TRUMP coins for approximately $1.1 million using USDC, saw their investment skyrocket to $23 million in just 90 seconds. Even after selling a portion of their holdings, the trader still retained over 5 million coins, sitting on a profit of more than $20 million.

The coin's rapid surge in market capitalization was equally remarkable, reaching $7.7 billion within just two hours of launch. This momentum continued to build throughout the day, as more and more people rushed to secure their tokens. The $TRUMP coin's meteoric rise has sparked an outpouring of conversation on social media, with cryptocurrency enthusiasts, investors, and skeptics discussing its legitimacy, value, and the long-term potential of Trump's involvement in the digital asset space.