Trump's Meme Coin Soars 850%, Bringing His Holdings to an Estimated $50 Billion

The value of Donald Trump's newly launched cryptocurrency, $TRUMP, surged by more than 850% since its kickoff, bringing the holdings of the U.S. president-elect and his associates to an estimated worth of nearly $50 billion ahead of his Jan. 20 inauguration.

Freshly launched cryptocurrency $TRUMP saw a more than 850% surge in its value since kicking off, bringing the holdings of U.S. president-elect Donald Trump and his associates to an estimated net worth of nearly $50 billion ahead of his Jan. 20 inauguration, according to market data.

The meme coin was trading at $61.3 as of 8:30 a.m. (GMT+3) on Monday, bringing the market capitalization for $TRUMP to roughly $12.2 billion, Coinbase data showed. At this price, the 800 million meme coins still in Trump and his associates’ hands are valued at approximately $49.04 billion.

With the exception of “stablecoins”—tokens that are pegged to a stable asset, such as the U.S. dollar—cryptocurrencies are known to experience highly volatile fluctuations, and it is not uncommon for their price to crash, especially in the case of meme coins. Trump's meme coin has already seen a surge to $75 before pulling back.

Neither Trump nor the company handling the token’s launch, Fight Fight Fight LLC, have disclosed how much he stood to gain from the initial batch of meme coins. The coin’s official website states that 200 million meme coins were issued, with Fight Fight Fight announcing that an additional 800 million will be added over the next three years.

$MELANIA follows $TRUMP

Trump unveiled the so-called meme coin on Saturday in a post on his Truth Social platform and X, a service designed to capitalize on the popularity of a particular personality, movement, or viral internet trend.

On Sunday, incoming first lady Melania Trump saw her own cryptocurrency, called $MELANIA, surge over 45% to $10.7.

Trump, who was initially against cryptocurrency, did a complete 180 during his 2024 presidential campaign, becoming a champion of the concept and promising to advance the sector, particularly by rolling back regulations.

Prior to this latest announcement, businessmen linked to Trump launched a crypto trading platform called World Liberty Financial in October.

Meme coins have no economic or transactional value and are typically used for speculative trading.