On January 19, 2025, President-elect Donald Trump unveiled his new meme coin, $TRUMP, which quickly surged in value, reaching a market capitalization of $13.3 billion by Sunday afternoon.
The coin, hosted on the Solana blockchain, celebrates Trump’s election win and upcoming inauguration.
The price of $TRUMP skyrocketed by over 300%, hitting more than $65 per token. The total market cap briefly surpassed $15 billion, and the coin’s supply is capped at 200 million tokens at launch, with plans to expand to 1 billion over three years.
The Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC own 80% of the tokens, with revenue from trading activity going to these entities.
While the $TRUMP coin is not intended as an investment opportunity or political tool, it marks Trump’s latest venture into cryptocurrency, following his previous merchandise launches like NFTs and branded products.
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