TL:DR;
- Just days before he takes office, Donald Trump has once again taken the spotlight of the crypto community.
- This time, it's because it has evidently launched a meme coin whose value has already skyrocketed and is among the 40 largest altcoins by market capitalization.
The official Trump meme coin
It's safe to say that the crypto community has seen a lot of strange things in the last decade, especially when it comes to meme coins. After all, there are some based on dogs, cats, famous frog characters, dead squirrels, etc.
However, it's not every day you see the promotion of a meme coin created by the president-elect of the world's largest economy. Donald J. Trump, through his official accounts on Truth Social and
<blockquote class="twitter-tweet”>
My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump community. GET YOUR <a target="_blank" href="https://twitter.com/search?q=%24TRUMP&src=ctag&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>$TRUMP NOW. Gonna https://t.co/GX3ZxT5xyq – Have fun! pic.twitter.com/flIKYyfBrC
– Donald J. Trump (@realDonaldTrump) <a target="_blank" href="https://twitter.com/realDonaldTrump/status/1880446012168249386?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>January 18, 2025
Many people questioned the legitimacy of the project and assumed that their account had been hacked. However, that doesn't seem likely at the moment. The meme coin website They look similar to those created for Trump's official nft collections in the past, credited to the same licensee: CIC Digital.
It shows that the current circulating supply is 200 million, but could reach 1 billion in the next three years. Somewhat alarmingly, the groups that will hold the largest shares are 'Creators and CIC Digital', with a total percentage of 72%.
While others praised the move and officially welcomed Trump to the cryptocurrency space, although he already has a project called World Liberty, some, like ZachXBT, were much more <a target="_blank" href="https://x.com/zachxbt/status/1880459202768040206″ data-wpel-link=”external” target=”_blank”>skeptical.
Welcome to the Top 40
The OFFICIAL TRUMP (TRUMP) is obviously the one who has gained the most today, and his value has skyrocketed by triple digits. According to data from CMC and CG, its market capitalization has skyrocketed to more than $4 billion. Although the two platforms have slightly different valuations ($4.3 billion vs. $4.05 billion) at the time of this publication, TRUMP has entered the top 40 alternatives by market cap on both.
Additionally, TRUMP's gains come amid a massive pullback for all other meme coins based on his presidential campaign and upcoming presidency.
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