Sun Jan 19 20:17:53 UTC 2025: ## Trump’s New Meme Coin Soars to $13 Billion Market Cap
**Washington D.C.** – President-elect Donald Trump’s newly launched meme coin, $TRUMP, has exploded in value, reaching a market capitalization of $13 billion within days of its release. The cryptocurrency, announced on Truth Social, celebrates Trump’s election victory and upcoming inauguration.
The coin’s price surged over 300% in its first 24 hours, briefly topping $75 and achieving a market cap of $15 billion before settling slightly lower. With a total supply limited to 1 billion coins (200 million released initially), 80% remains under the control of Trump Organization affiliates CIC Digital LLC and Fight Fight Fight LLC, which will receive revenue from trading activity.
The coin’s website includes a disclaimer stating it is not an investment opportunity or security and has no connection to any political campaign or government entity. Despite this disclaimer, the trading volume in the first 24 hours reached a staggering $28.86 billion.
This launch continues Trump’s foray into cryptocurrency and merchandise sales. His prior ventures have included NFTs, watches, coins, and other branded items, generating millions in revenue. Trump has openly advocated for the U.S. to become a global cryptocurrency leader, promising reduced regulatory burdens and the creation of a bitcoin reserve for the federal government. News of his pro-crypto policies has already influenced bitcoin’s price.
While the rapid growth of $TRUMP has generated significant attention, investors should proceed with caution given the inherent volatility of meme coins and the lack of regulatory oversight in this sector. The long-term sustainability of the coin remains uncertain.
First Piper 