The cryptocurrency world is buzzing with excitement as Donald Trump makes his foray into the digital asset space with the launch of the $TRUMP Coin. Introduced on January 17, 2025, the official Trump meme coin rapidly gained traction, capturing the attention of traders and enthusiasts alike. Built on the Solana blockchain, the $TRUMP crypto debuted at an initial price of $0.18 and witnessed a meteoric rise, reaching a market cap of $14.5 billion within hours.
A Record-Breaking Launch
By 6:21 PM IST on launch day, the Trump meme coin price had skyrocketed to $21.51, marking an extraordinary 231.61% increase. Early adopters were handsomely rewarded, with some pocketing millions in profits. One trader, for instance, turned a $1.1 million investment in $TRUMP crypto into $23 million in mere minutes.
With an initial supply of 200 million coins and a total cap of 1 billion to be released over three years, the coin has sparked significant interest in the market. Trading volumes soared, with $TRUMP recording nearly $1 billion in trades within the first hour.
How to Buy the Trump Meme Coin
Trump announced the launch on his Truth Social platform, urging followers to acquire the coin from the official website, gettrumpmemes.com, during a limited 48-hour window. Many are searching for ways to buy Trump meme coin, with platforms like Binance providing live updates on the $TRUMP price.
Controversy Surrounding Trump Crypto Coin
Despite its success, the Trump crypto coin has faced criticism. The centralized ownership structure—where 80% of tokens are held by Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC—has raised eyebrows. Skeptics have pointed to the coin’s potential use for political motives, given its release shortly before Trump’s second presidential term.
Market Performance and Long-Term Outlook
As of January 18, 2025, the $TRUMP coin price continues to climb, trading just shy of $29 with a market cap of $5.81 billion. With Solana providing the underlying blockchain infrastructure, the Trump meme coin is set to capitalize on its high-profile endorsement. However, industry experts caution that meme coins, while lucrative, are volatile and risky investments.
Trump’s Crypto Vision
Trump’s entry into the cryptocurrency market aligns with his ambition to make the U.S. the “crypto capital of the planet.” He has proposed policies to reduce regulatory burdens on crypto firms and establish a bitcoin reserve, further fueling the sector’s growth.
Whether you’re a seasoned investor or a curious newcomer, the Trump meme coin has undeniably captured the crypto community’s attention. Stay tuned for updates on Trump coin price, market trends, and insights into how this high-profile launch impacts the broader crypto landscape.
