Former and newly re-elected President Donald Trump launched his official memecoin TRUMP, capturing a market cap of $15 billion just 48 hours after release.
What is the TRUMP Memecoin?
The TRUMP token represents a unique intersection of political branding and cryptocurrency, built on the Solana blockchain. Despite having no practical utility, the token attracted attention due to Trump's enthusiastic backing.
Technical Analysis and Tokenomics
The TRUMP token launches with an initial supply of 200 million tokens and a maximum supply of 1 billion. Choosing Solana as a blockchain offers benefits in transaction speed and cost.
Market Analysis and Trading Availability
The TRUMP token is available for trading on major centralized and decentralized platforms like Binance and Raydium, though it exhibits high market volatility.
The TRUMP memecoin blends political branding with cryptocurrency. While its market performance is remarkable, investors should consider high risks and the current lack of utility.
