Trump Launches Meme Coin TRUMP, Market Value Exceeds US$30 Billion

On the morning of January 18, 2025, Beijing time, Trump’s Truth Social social account announced that it would launch a personal meme coin, TRUMP.

Trump’s Truth Social social account announced on the morning of January 18, 2025, Beijing time, that it will launch a personal meme coin, TRUMP. To obtain the meme token, users must visit the website with the domain name "gettrumpmemes."

According to GMGN data, TRUMP's market value has risen to about $700 million within 30 minutes of opening. Among them, the address with the largest coin holdings holds 80% of the tokens, and the top 5 coin holders hold more than 90% of the tokens. Trump then shared the message on his Twitter account, and the token's market value subsequently rose to $2.8 billion. On the evening of the 18th, TRUMP's market value once exceeded $30 billion.

The Trump memecoin creation address added $40 million in one-sided liquidity and deposited 80% of the supply into the multisig. The creator’s multisig holds 80% of the total supply.

According to the GetTrumpMemes official website, Trump Memes are intended to express support and participation in the unique understanding and belief of ownership of the "TRUMP" symbol and its related artworks and are not intended to be an investment opportunity, investment contract, or any type of securities subject. GetTrumpMemes.com is not involved in politics, any political campaign, or any political office or government agency.

Trump Group affiliates CIC Digital LLC and Fighter Fight LLC jointly own 80% of TRUMP, subject to a 3-year unlocking plan. Fighter Fight LLC owners CIC Digital LLC and Celebration Cards LLC will receive trading revenue generated by TRUMP trading activities. At the same time, 200 million TRUMP will be available on the first day. It is expected to reach 1 billion TRUMP within three years. Each group's allocation will be released on its own schedule within 3 years.

The source of its initial SOL funds can be traced back to the Gate platform. Data shows that the main token holder address of TRUMP is 5e2qRc, and the funds are supported by the address DKbF4. It is worth noting that this address received funds from Gate 2 days ago and received funds from Binance 10 days ago.

Binance temporarily suspended SOL withdrawals due to its popularity, and the SOL withdrawal channels of the Solana network and BNB Chain were temporarily closed.

BitMEX co-founder Arthur Hayes wrote on X, "Trump's launch of a token is the beginning of a political memecoin market. Any politician who is not afraid to know what the public thinks in real-time will launch his own memecoin. The token economics are fake, but the token FDV is heading towards $100 billion.”

According to Jupiter's official X release, "We worked closely with the Meteora team to ensure the perfect launch of TRUMP, which is clearly one of the largest launches in crypto history." It is reported that the launch of TRUMP uses the same LFG technology stack as the launch of JUP, including the DLMM pool, ILM design, and tight Jupiter integration.

Following Bybit Gate Bitget and others, Binance announced that it will launch the TRUMPUSDT perpetual contract at 2025-01-18 21:00 (UTC+8), with a maximum leverage of 25 times.

According to appfigures data, the cryptocurrency trading platform Moonshot app ranks first in the free financial app rankings in the US region of Apple App Store, surpassing Cash APP, Coinbase, Cryptocom, etc. Earlier, Jupiter stated that it cooperated with Moonshot to promote the issuance and trading of TRUMP tokens.

Moonshot said that in the last 12 hours, we were recommended as a purchase method on the official website of TRUMP tokens, processed nearly $400 million in trading volume, broke the record for fiat currency onboarding, and attracted more than 200,000 new users to join. Moonshot just powered one of the most important onboarding events in the history of cryptocurrency.

Well-known market maker Wintermute said that TRUMP tokens are now available for trading on the Wintermute OTC trading desk. Earlier on-chain analysis pointed out that the largest holding address of TRUMP is suspected to be Wintermute, which may be because Wintermute has previously cooperated to provide market making services for TRUMP tokens.

Trump's eldest son Eric Trump posted on the X platform, quoting the speech of the crypto czar David Sacks, "The reign of terror against cryptocurrencies is over, and the beginning of cryptocurrency innovation in the United States has just begun." He also mentioned BTC, the Trump family project World Liberty Financial, and TRUMP.

Alliance DAO founder Qiao WANG criticized that it was cool for the president to launch the meme coin fairly and fully supported it; but launching a