Trump's $TRUMP Meme Coin Surges 10,000%

user avatar

by Giorgi Kostiuk

2 years ago

The official meme coin of newly elected U.S. president Donald Trump, named 'Official Trump' ($TRUMP), became an Internet sensation within 24 hours, showing a 10,000% increase.

Rapid Rise of $TRUMP

On Saturday morning, Donald Trump took to the social network X to announce the launch of his official token, referring to himself as the 'crypto president'. Within hours, the coin significantly increased in value, defying all analysts' speculation. Starting at $0.18, $TRUMP quickly climbed above $1 in the first trading hours, and by morning had surpassed the $10 mark.

Market Reaction and Traders

At its current price, the token's value reached $24.38 before settling around $20. According to DexScreener data, $TRUMP's 24-hour trading volume reached $1.98 billion. This also garnered significant investor interest, with the number of token holders exceeding 335k within one day.

Future Predictions

Currently, it's challenging to predict the future of $TRUMP, but its initial trends show potential to reach $30-$40 over the weekend, and possibly $50 next week if market sentiment persists. On Monday, Donald Trump is set to officially take office, which may further impact the token's value.

The launch of Donald Trump's meme coin has generated significant interest among investors and traders, showing a fantastic surge in a very short period. The future of $TRUMP is now actively discussed and under close scrutiny.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.