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.
