Trump NFTs Spark 13x Gains in January Rally

Alongside the memecoin's release, the Donald Trump NFTs collection saw a remarkable 400% surge in floor price on January 20.

The launch of the TRUMP memecoin on January 18 took the crypto community by surprise, just days before President-elect Donald Trump’s inauguration. While the memecoin garnered headlines, the Donald Trump NFTs collection also saw a 400% surge on Saturday. The unexpected move left stakeholders wondering about the regulatory shift and the lack of prior communication within Trump’s circle.

The token debuted hours before the inaugural crypto ball, hosted by Trump’s White House Czar, David Sacks.

Amid the $TRUMP frenzy, Donald Trump's NFT collection "Trump Digital Trading Cards" is also up +460% today.

The collection is on Polygon and has a 24-hour trading volume of 2,380,000 $POL ($1.1M USD).

That's number 4 in global volume today.

Why? The trading cards receive a… pic.twitter.com/0zf4IkSKHW

Trump NFTs Spark 13x Gains in January Rally

Alongside the memecoin’s release, the Donald Trump NFTs collection saw a remarkable 400% surge in floor price on January 20. The unexpected rally brought the price of the NFTs to as high as $1,000. Initially sold for around $99 each, the cards quickly became one of the best-performing NFT projects in recent months, with some holders seeing gains of up to 13x their initial investment.

Speculation was rife that holders of the Trump NFTs might receive allocations of the newly launched memecoin, which contributed to the surge in the collection’s floor price. However, reports later confirmed that NFTs holders would not have automatic airdrops as initially speculated.

DISCLAIMER: The website hints at an allocation of trading cards, but there is no clear confirmation yet. So treat with caution pic.twitter.com/s53Brd235T

The release of the TRUMP meme coin also caused a significant spike in Solana’s native SOL token, which surged to an all-time high of $270. The TRUMP meme coin’s debut was seen as a bold move by Trump to engage directly with the crypto community. While some enthusiasts celebrated this unexpected turn of events, others remained skeptical about the long-term effects of such involvement.

RUMP Memecoin Reaches $6.9 Billion Market Cap

As the TRUMP memecoin gains momentum, attention has shifted to its issuers, CIC Digital LLC and Fighter Fight LLC, which collectively control 80% of the token’s total supply. However, these tokens are subject to a 3-year unlocking plan, helping alleviate concerns about a sudden market dump. Despite this, rumors suggest that as much as $500 million worth of the memecoin has already been sold.

The meme coin’s impressive performance continued as it quickly reached a $6.9 billion market cap, and major exchanges like Bybit, Bitget, and KuCoin began listing the token. With 200 million tokens in circulation and a total supply capped at 1 billion, the TRUMP memecoin is poised to remain a hot topic in the crypto world.

The launch of the TRUMP memecoin coincided with the high-profile “Crypto Ball,” an event honoring Trump, attended by key figures such as Michael Saylor, Coinbase CEO Brian Armstrong, and David Sacks, Trump’s crypto advisor. Held just blocks from the White House in Washington, D.C., the sold-out event underscored the growing influence of crypto in political circles.

Despite the crowded memecoin market, the TRUMP token continued to soar, reaching a $5 billion market cap and generating nearly $13 billion in trading volume. The excitement surrounding the launch and the token’s early success indicates it could become a significant player in the memecoin space.

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