Sun Jan 19 23:38:16 UTC 2025: **Trump’s New Meme Coin, $TRUMP, Launches with $9 Billion Market Cap**
**Washington, D.C.** – President-elect Donald Trump’s newly launched meme coin, $TRUMP, has surged in value, reaching a peak market capitalization of over $15 billion before settling at approximately $9 billion. The coin, launched Friday on the Solana blockchain, celebrates Trump’s election victory and upcoming inauguration. Its price increased by over 300% within the first 24 hours, generating a staggering $36.15 billion in trading volume.
The $TRUMP token has a limited initial supply of 200 million coins, expanding to 1 billion over three years. The Trump Organization, through affiliates CIC Digital LLC and Fight Fight Fight LLC, retains ownership of 80% of the unreleased tokens and will receive revenue from trading activity. A disclaimer on the coin’s website emphasizes that $TRUMP is not an investment opportunity or security and is unrelated to any political campaign.
The launch comes just days before Trump’s inauguration and follows his stated ambition to make the U.S. the “crypto capital of the planet.” His election victory previously saw a significant surge in the cryptocurrency market. This latest venture adds to Trump’s expanding merchandise empire, which includes NFTs, watches, and other branded goods. His incoming First Lady, Melania Trump, also launched a separate crypto asset, $MELANIA, on Sunday. Trump’s plans for the crypto industry reportedly include an executive order prioritizing cryptocurrency and establishing a bitcoin reserve for the federal government.
First Piper 