In a move that sent shockwaves through the cryptocurrency world, President-elect Donald Trump launched his official meme coin, $TRUMP, on January 18, 2025. The token’s debut has been nothing short of spectacular, reaching a jaw-dropping market cap of $14.5 billion within days of its launch.
The cryptocurrency token, which began trading on Friday night, has demonstrated unprecedented growth in the volatile crypto market. Starting at $10 per token, the price quickly surged, tripling to more than $70, with trading volume exceeding $24 billion by Sunday morning.
What makes this launch particularly significant is the level of official backing it carries. Trump announced the launch on his social media platform, positioning it as more than just another meme coin in the crowded cryptocurrency space.
Market Impact and Trading Activity of $TRUMP
The token’s impact has reverberated throughout the crypto ecosystem. The Solana blockchain network, where the token was launched, saw its native SOL token surge by 12% following the $TRUMP token’s debut. When it first launched, the token was modestly priced at $0.18.
Within mere hours, it shot up to $7.1, marking an eye-popping 3,844% gain. The momentum didn’t stop there – by Sunday morning, January 19, 2025, the coin reached an all-time high of $70. This meteoric rise translated into a market capitalization of $14.5 billion just two hours after launch.
Trading activity has been equally impressive – the volume approached $1 billion in the first hour alone and later exceeded $6 billion. This spectacular performance elevated the status of $TRUMP’s status among meme coins, pushing it to the 16th position in overall cryptocurrency rankings.
Market Dynamics and Future Outlook
Top crypto-currency exchanges across the globe listed $TRUMP resulting in an astounding 5000% price increase at launch. This widespread availability across trading platforms has contributed to the token’s rapid value appreciation.
The timing of the launch, just days before Trump’s presidential inauguration, has played a crucial role in the token’s performance. The market capitalization has shown remarkable volatility, fluctuating between $9 billion and peaks exceeding $12 billion.
The token’s structure includes a total supply cap of 1 billion coins, with an initial release of 200 million and plans to distribute the remaining coins over a three-year period.
Melanie Trump Launched Melania Meme Beating $TRUMP
The first lady of the US, Melanie Trump launched her meme coin Melania Meme ($MELANIA) right before Donald Trump’s inauguration. Both MELANIA and TRUMP skyrocketed just hours after launch. Melania Trump shared a post on X,
“The Official Melania Meme is live! You can buy $MELANIA now.”
Read More: Melania Coin Tops the PolitFi Meme Charts
How to Buy ($TRUMP) Official Trump Token on Bitunix?
While there are multiple dupes of Politifi meme coins, the best way to trade in $TRUMP is through a reliable exchange. You can trade Trump memecoins on Bitunix’s spot market. If you are an existing user, you can simply head to the Spot tab in the main navigation menu and choose TRUMP/USDT to trade in Trump memecoins.
If you are a new user, simply sign up for an account on Bitunix and complete your KYC. Once your account is KYC verified, you can deposit USDT or buy USDT from our third party on ramp crypto providers.
To buy $TRUMP you need to deposit USDT in your Bitunix account. Simply head to your profile and click on the wallet icon. Click on deposit and follow the steps to deposit crypto into your account.
Watch our step-by-step tutorial on How to Deposit Crypto on Bitunix.
If you don’t own crypto, you can buy crypto from our third-party on-ramp crypto providers. Simply head to the Buy Crypto tab in the main menu and choose the crypto you wish to buy.
