A few hours to the Inauguration of the 47th President of the United States Donald Trump, the crypto market is buzzing with the launch of $TRUMP a meme coin of Solana-based assets.
He made the announcement on X and encouraged his supporters to Join. In his words "My New Trump Meme is HERE! it's time to celebrate everything we stand for: WINNING! Join my very special Trump community. Get our $TRUMP Now. Go to gettrumpmemes.com - have Fun!
Reports Ugosabi, currently $Trump coin is in Bullish state with a more than 50% increase, trading at $37 at 6:30am. Just nine hours after its launch the coin as reached reached a market capitalization of $4 billion.
Initially priced at $4.29 an hour after the announcement, the meme coin saw a dramatic surge in value, increasing by 414.7% to trade at $20.59 as of 4:40 AM.
On the $TRUMP website, the meme coin is more than just a digital asset it is described as a “piece of history,” symbolizing Trump’s resilience, particularly after surviving an assassination attempt during his campaign rally in Butler, Pennsylvania on July 13.
The website further detailed that 200 million $TRUMP coins will be available on day one, with a total supply set to grow to 1 billion $TRUMP over the next three years. The distribution of coins will follow a scheduled release over that period.
They said he is a leader who never backs down, no matter the odds and they call on supporters to invest in the $Trump coin, presenting the initiative as a unique opportunity to engage with Trump's brand in the digital space.
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