Sat Jan 18 20:58:02 UTC 2025: ## Trump’s New Meme Coin, $TRUMP, Explodes in Value, Making One Trader $20 Million in Minutes

**NEW YORK** – The cryptocurrency world is abuzz after former President Donald Trump launched his official meme coin, “$TRUMP,” causing a meteoric rise in value and sparking a frenzy of trading. The coin, launched on the Solana blockchain and announced via Trump’s Truth Social platform, saw a staggering 4,200% surge within two hours of its release, reaching a market capitalization of over $7.7 billion (according to Cryptotimes) and $14.5 billion (according to Introbillion at Binance).

One trader capitalized on the explosive launch, reportedly purchasing nearly 6 million $TRUMP tokens for approximately $1.1 million using USDC. Within 90 seconds, the investment skyrocketed to a value of $23 million, resulting in a profit exceeding $20 million. While the trader has since sold a small portion of their holdings, they still retain a significant stake.

The unprecedented price surge has fueled excitement and speculation across social media, though concerns regarding potential account thefts have also emerged. The rapid growth and substantial profits generated have dominated conversations within the cryptocurrency community. The coin’s trading volume already surpassed $1 billion within hours of its launch. Further investigation is needed to assess the long-term sustainability of this dramatic price increase.

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