TRUMP, a meme coin on Solana, has officially made its way to the cryptocurrency market. The launch was announced by Donald Trump on X, with others quickly joining the thread to share their speculation and support. The Solana meme coin ecosystem, as a whole, has started gaining traction since this announcement and it is expected that the TRUMP meme coin will require traders and investors to brace up for good times.
Donald Trump Launches TRUMP Meme Coin
Donald Trump, the US President-elect, has launched a Solana meme coin, TRUMP, and it can be claimed from the official website, as per the announcement. The launch was made public through his official X profile, sharing that the sentiment behind launching TRUMP is to celebrate winning.
Anthony Pompliano, the Founder & CEO of Professional Capital Management, has expressed his excitement about the launch of the TRUMP meme coin. He has even asked everyone to ‘buckle up’, saying that the financial markets are not ready for what the Solana meme coin is about to bring. Anthony has further highlighted that it has already achieved a market cap of $8 billion in just 3 hours of its official launch.
As per the details, TRUMP meme coin can be bought using a debit card or a cryptocurrency. Having a TRUMP meme coin essentially makes the holder a part of the Trump Meme Community where the culture of success and optimism are encouraged.
TRUMP Transactions and Speculation
TRUMP transactions have started flowing in with millions being spent and earned by interested investors. The Founder of OxSun Group, 0xsun.sol, has reportedly earned more than $3.7 million on TRUMP. They had bought 999,895 TRUMP tokens by spending 3,000 SOL tokens worth $653k. Later, 0xsun.sol sold them for 3,616 SOL worth $812k.
Source: Lookonchain, X
Another trader bought 5.97 million TRUMP using $1.1 million USDC, later sold 543k TRUMP tokens for $404k for a profit of almost $20 million, leaving behind 5.43 million yet to be sold.
Source: Lookonchain, X
That said, the crypto community instantly began speculating that the announcement was either a scam or a joke by someone who gained access to his X account without authorization. Such speculations are being put to rest as reports about more TRUMP transactions continue to surface.
For instance, OnChain Lens, on X, shared that a whale spent 2.72 million USDC to buy 6.1 million TRUMP tokens. The whale then sold 5.52 million TRUMP tokens for a price of $6.38 million, leaving behind 575,334 TRUMP meme coins worth $1.88 million while earning profits. Given the pace, TRUMP may soon join the list of top meme coins to buy earlier this year.
Performance of the Solana Meme Coin
TRUMP price has increased more than 100% in the last 24 hours, with the price currently trading at $12.46. The 24-hour low and high are $6.24 and $15.13, respectively.
Some of the top Solana meme coins have recorded significant surges in their values BONK price is up by 9.9% in the last 24 hours and is being traded at $0.00003178.
The post Donald Trump Launches Solana Meme Coin TRUMP Ahead of Inauguration appeared first on CoinGape.
