Trump Coin ($TRUMP): A Meme Coin Launched by the 47th President of the United States

Donald Trump, the 47th president of the United States, launched the Trump Coin ($TRUMP), a meme coin hosted on the Solana blockchain, on January 17, 2025.

The 47th president of the United States, Donald Trump, launched a meme coin on January 17, 2025, called the Trump Coin ($TRUMP), which is hosted on the Solana blockchain. Initially, one billion coins were created. As of January 30, $TRUMP’s market cap is valued at $15 billion, and its current CoinMarketCap ranking is #37, making it more visible to potential investors and traders. As the name suggests, Trump Coin supports the Trump administration and its conservative followers and patriots.

Trump Coin ($TRUMP), a meme coin

Three days before his presidential inauguration, Donald Trump launched his own cryptocurrency. However, the lack of a public announcement led to concerns that the meme coin was a scam and might be entirely independent of the president-elect. After a considerable delay, Trump announced the launch of Trump Coin on his X and Truth Social accounts. According to blockchain analysis firms Chainalysis and Merkle Science, $TRUMP generated between $86 million and $100 million in trading fees by January 30, far exceeding what was previously expected. 

The cryptocurrency venture was coordinated by CIC Digital LLC, an affiliate of the Trump Organization, which owns roughly 80% of $TRUMP. Trump Coin quickly became the top cryptocurrency pick for 2025, attracting over a half-million buyers as its value surged over 300% within minutes after launch. Shortly after the launch of $MELANIA, on January 19, the price of $TRUMP fell by more than half, from $75 to $50, though it recovered in subsequent hours. The current price of $TRUMP is $16.89, with a 24-hour trading volume of $962.55 million.

Scammers are now trying to capitalize on the president’s name and online presence. Leveraging the hype around the Trump Coin, digital imposters sent more than 700 unauthorized tokens to the wallets associated with the Trump team and $TRUMP creators, many of which started buying in hopes of riding the “insider trend.” What is more, worthless coins were sent to major centralized exchanges, such as OKX, Bitget, Crypto.com, and Bybit, to name a few. 

Meme Coins Became Popular In 2013 With The Launch Of Dogecoin

Images of the original Doge meme were spammed on 4Chan and Reddit. In late December 2013, even members of the U.S. Congress produced material in the meme’s style, captioning, in Comic Sans, the incoherent thoughts of a cute Shiba Inu dog. Dogecoin was released on December 8, 2013, as a peer-to-peer, open-source cryptocurrency. Born as a joke, Dogecoin was never meant to be a popular investment; its creators did everything possible to ensure it wouldn’t, such as making it undesirable. Its low transaction fees, fast processing time, and supportive online following set it apart. 

Meme coins rely on community-driven buzz and cultural relevance so they can gain significant market value. Though they are made primarily for fun, the popularity and virality of meme tokens can encourage immense adoption and trading activity, with simple strategies like dollar-cost averaging and setting stop-loss orders helping newcomers manage risk effectively. In 2015, it’s cheaper and easier than ever to launch and trade these digital assets. Meme coins are profitable investments but are just as volatile as other cryptocurrencies. 

Crypto Executives Think Trump Undermines The Credibility Of The Industry

The Trump Coin has dropped in value since its inauguration, down 70% from its peak of around $75, meaning that investors and traders lost almost all the money they put in. Meme coins tend to be high-risk investments because they are influenced by prominent personalities or social media trends, which often leads to volatile price developments. They don’t have any potential use. Meme coins are purely speculative tokens. According to Danny Scott, CEO of CoinCorner, Trump’s lack of understanding of cryptocurrency suggests he is treating the industry with ridicule. 

People can purchase $TRUMP with a debit card, while meme coins are typically traded for other cryptocurrencies. Trump supporters might not understand the risks involved in cryptocurrency investing or how the industry even works, which means that millions of Americans are betting on a volatile asset that carries substantial risk. Trump’s business venture creates a conflict of interest because he defines the crypto policy while directly participating in the market. 

Recently, Trump made his Bitcoin Ordinals debut with the release of another NFT collection, but access to the 119-card collection is restricted to those who acquired the 100 cards from the January 2024 “Mugshot Edition.” Over the years, he has released other collections, which feature images of him clutching Bitcoin