TRUMP Meme Coin Shakes Up the Market

On January 17, Donald Trump unveiled the TRUMP token, and its impact was almost immediate. The memecoin quickly gained traction, with its market capitalization soaring to over $13 billion within 24 hours.

President-elect Donald Trump has made a grand entrance into the cryptocurrency arena with his meme coin, aptly named “TRUMP.” Since its launch, the token has taken the market by storm, garnering immense attention and achieving remarkable feats.

Launched on January 17, the TRUMP token swiftly ascended the ranks, thanks to its爆発的な人気. Its market capitalization soared to over $13 billion within 24 hours, according to CoinGecko. The token's price also surged by over 130%, making it the second-largest meme coin, trailing only Dogecoin.

It surpassed other memecoins like Shiba Inu and Pepe in terms of market value. As of now, the token trades at $63.

The token's rapid rise has also attracted attention from both centralized and decentralized exchanges. Major exchanges like Binance, Coinbase, Kraken, and OKX have already listed the TRUMP token.

At the same time, decentralized exchanges on the Solana blockchain, such as Raydium and Orca, have joined the action. This has led to record trading volumes on Solana, with Raydium generating over $25 million in fees and nearly $3 million in revenue in a single day, according to DefiLlama.

Meanwhile, blockchain analytics suggest that the token's success has had a significant financial impact on Donald Trump himself. Reports indicate that entities linked to him own a substantial share of the token's total supply, which may have added billions to his net worth.

“احة دونالد ترامب زادت صافي ثروته بمقدار 22 مليار دولار بين عشية وضحاها، بافتراض أن شركة سي آي سي ديجيتال إل إل سي وشركة فايت فايت فايت إل إل سي، واللتين تمتلكان معًا 80٪ من إمدادات رمز TRUMP، تنتميان إليه بشكل فعال. وبسعر اليوم البالغ حوالي 28 دولارًا، تبلغ حصة دونالد ترامب 22.4 مليار دولار. وقدرت مجلة فوربس ثروة الرئيس المنتخب بمبلغ 5.6 مليار دولار في نوفمبر 2024. وإذا كان هذا دقيقًا، فإن إضافة حصة عملة الميم سيكون بمثابة زيادة بنسبة 5 أضعاف،” وفقًا لمنصة تحليلات البلوك تشين Arkham Intelligence.

Amidst the buzz surrounding the TRUMP token, rumors of another cryptocurrency project, known as USA Coin, have also surfaced. However, Donald Trump's son, Eric Trump, has moved to dispel any notion of the family's involvement in this rumored project.

He clarified that the Trump family is solely focused on the TRUMP token and is keen to avoid any confusion regarding their ventures.

“$USA coin has nothing to do with us,” Eric Trump stated on X.

While addressing the TRUMP token, Eric Trump praised its success and went on to highlight their future plans. He also hinted at how the token and their DeFi venture, World Liberty Financial, aim to revolutionize both decentralized and centralized finance, making it a force to be reckoned with in the finance domain.

“رم رمز TRUMP هو حاليًا أكثر عملة رقمية شعبية في العالم وأنا أؤمن حقًا أن منصة World Liberty Financial ستحدث ثورة في عالم العملات الرقمية المركزية واللامركزية وستكون مستقبل عالم المال.”