Today’s positive surprise in the cryptocurrency market is the recently launched official Trump memecoin (TRUMP), which has exploded over 400% in the last 24 hours. On January 17, United States President-elect Donald Trump announced the launch of the Solana-based memecoin via social media posts. The movement takes place a few days before the inauguration of the 47th President of the United States, scheduled for this Monday (20).
In a surprising development, the price of the TRUMP memecoin skyrocketed and quickly reached a market capitalization of over $9 billion. Thanks to this, the coin has managed to outperform industry giants, such as memecoins BONK and WIF. Currently, the token occupies the 37th position in the overall ranking of cryptocurrencies and is the 4th largest memecoin.
On his social networks, Donald Trump announced the press release stating: “My NEW official Trump meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump community. GET YOUR $TRUMP NOW.
According to the official currency website, there are 200 million TRUMP tokens available on day one and this number will reach a total of 1 billion TRUMP over three years. “Each group’s allocation is released according to its own schedule over 3 years. »
“Trump memes are intended to function as an expression of support and commitment to the ideals and beliefs embodied in the “$TRUMP” symbol and associated art, and are not intended to be, or to subject of an investment opportunity contract, investment contract or security interest of any kind GetTrumpMemes.com is not political and has nothing to do with any political campaign, political office or government agency.
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Although the cryptocurrency community initially suspected a hack of the president-elect’s accounts, the project is associated with the same company that was responsible for launching Trump’s collectible NFTs, CIC Digital LLC.
“CIC Digital LLC, a subsidiary of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of Trump Cards, subject to a 3-year unlock schedule. CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive commercial revenues derived from Trump Meme Cards’ commercial activities.
At press time, TRUMP price was listed at US$21.85, up 409.4% in the last 24 hours. Additionally, official Trump (TRUMP) trading volume stands at $6,351,254,674 over the past few hours, representing a % increase from a day ago and signaling a recent increased market activity.
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