The cryptocurrency world is quite surprised, and the reason is, of course, Donald Trump. On January 17th, President Donald Trump announced his Memecoin, $TRUMP. This was hilarious indeed, and the crypto world definitely took time to understand what happened.
Donald Trump’s Announces $TRUMP Memecoin

This shocking information was shared through his X and Instagram accounts, which created confusion among the users about whether they were hacked.
But to their surprise, the news was true and caused a stir in the cryptocurrency market. Just in the first hour of the announcement, one of the traders was reported to have made $20 million. As Donald Trump prepares for his return to the White House, this bold move has already made waves in both political and financial circles. Whether $TRUMP will be a game-changer or just another hype-driven token remains to be seen, but for now, it’s certainly making headlines.
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 $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Donald Trump launched a new meme coin on his social media platform, Truth Social, saying, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” Within a minute, the news went viral.
Donald Trump’s ‘$TRUMP’ Memecoin Skyrockets 4,200% In Just Two Hours

The memecoin on the Solana blockchain that Donald Trump created, the $TRUMP memecoin, has caused quite a stir in the crypto sphere. CryptoTimes said that it had spread like wildfire and started causing debates, confusion, and FOMO on various social platforms among investors.
Within just two hours after $TRUMP was launched, the value soared by 4,200% to a new $7.7 billion market cap. The rise has created a buzz and leaves many asking themselves if this is an actual revolution in the making or just another pump-and-dump scheme in the crypto market.
One thing is for sure—Trump’s entry into the crypto space has shaken up the market like never before. So, let’s see what happens next.
Trader Turns $1.1M Into $23M In Just 90 Seconds

The trader was an opportunist here. They quickly purchased 6 million $TRUMP coins for $1.1 million by using USDC. In just 90 seconds, the value of this investment increased to $23 million. While the trader has only sold a small portion and continues to hold 5.43 million $TRUMP, the trader has made $20 million in profit in the process.
The launch of Trump’s meme coin has attracted massive attention, and some individuals thought that Trump’s accounts were hacked. However, the real factors grabbing headlines and sparking discussions in the crypto world are the massive price surge and the trader’s impressive earnings.
The volume of trades in $TRUMP on Binance alone is $1 billion, while the market capitalization reached $14.5 billion and the circulation of tokens was 200 million. There is a lot of anticipation and activity surrounding the coin, and people are now waiting for the next move.
According to the website linked in the X post, “$TRUMP is now freely tradable on the blockchain.” The meme is thus likely linked to a meme coin, but there is nothing officially stated.
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