On January 18, US President-elect Donald Trump announced the launch of the “official” meme token TRUMP on the Solana blockchain. Over the day, the coin gained 220% with an FDV of $62 billion.
Donald Trump's Coin Price and Growth
At the time of writing, the asset is trading at $61,9 with a market capitalization of $12.1 billion. TRUMP has already climbed to the 16th position in the ranking of the largest cryptocurrencies, ahead of TON and SHIB.
The daily trading volume has reached almost $1 billion.
The excitement around TRUMP occurs against the background of relative stagnation in the rest of the market of digital assets. However, a surge of activity in the Solana network ensured SOL's growth to new historical highs - the coin is now trading at peak values around $286.
Centralized exchanges including Binance, Bybit, HTX, Gate and Bitget have all floated the token.
DEX on Solana are also recording record highs. Daily trading volume on the network holds at $21 billion for the second day in a row.
TRUMP's Coin Tokenomics: Emission and Allocation
The available supply on launch day was 200 million TRUMP for a total issuance of 1 billion coins. According to the project's website, the tokens are planned to be unlocked gradually over three years.
A total of 100 million TRUMP is earmarked for public distribution, with another 100 million coins to provide liquidity.
The remaining 800 million TRUMP are earmarked for “creators” and CIC Digital, a company associated with Trump's NFT project. The first unlock is scheduled to take place in three months.
Crypto investor and host of The Wolf Of All Streets podcast Scott Melker said Trump's meme coin is a “significant benefit” for cryptocurrency but a “detriment to humanity.”
My opinion could change.Good for crypto, bad for humanity.
It’s a gratuitous cash grab, not sure how anyone can argue against that. The future and past President of the United States launched a token at 10 pm on a Friday night and insiders sniped the…
— The Wolf Of All Streets (@scottmelker) January 18, 2025
Since the launch of TRUMP, more than 200,000 new users have registered on the Moonshot platform through which Trump proposed to buy the asset.
Today marks 6 months since launch.
In the last 12 hours, we were featured on $TRUMP’s website as THE way to buy, processed nearly $400m in volume, crushed fiat onramp records by orders of magnitude, and brought 200k+ new people onchain.
We have an extremely high load right now…
— Moonshot (@moonshot) January 18, 2025
Official Trump's Coin Price Prediction
The future of $TRUMP and similar “politicized” tokens depends on news and social networks. If the interest in the figure of Donald Trump remains high, the volatility of the projects will be significant.
Positive news background raises the price, while any negative event can sharply collapse the rates.
It is recommended not to “buy on highs” and not follow the global trends of the crypto market. Professional traders advise using risk management and diversification, because a sudden “dump” can completely nullify the deposit of an unprepared investor.
The future of Trump's coin
Arkham Intelligence suggested that if the firms CIC Digital and Fight Fight Fight, which together own 80% of the TRUMP issue, are actually owned by the president-elect, then his fortune has multiplied several times over.
TRUMP'S NET WORTH QUINTUPLES OVERNIGHT TO $28 BILLION
Donald Trump's net worth is up $22 billion overnight, assuming CIC Digital LLC and Fight Fight Fight LLC, which collectively own 80% of the $TRUMP supply, effectively belong to him.
At the current price of ~$28, that stake… pic.twitter.com/N7hH9QUSt9
— Arkham (@arkham) January 18, 2025
At the coin's current price of $70, Trump's net worth could be valued at around $56 billion. Forbes estimates that in November 2024, the president-elect's net worth was around $5.6 billion - an increase of more than 10 times.
In response to criticism and concerns from the community, crypto-enthusiast Eric Scott stated that 80% of the supply in the hands of a politician makes TRUMP one of the “safest coins” to hold.
Are Americans really OK with this? $Trump Coin means that foreign governments can essentially make themselves anonymous and then buy the coin in order to provide Trump with trading fees, and increase the value of his holdings in order to curry favors. There will be no way to… — Ed Krassenstein (@EdKrassen) January 18, 2025
TradeZella founder Umar Ashraf believes that Trump, given his position, should not have his own meme token or attempt to promote such an asset.
“This is the wrong direction for cryptocurrency,” he added.
Moonwell Finance co-founder Luke Youngblood also said that the situation represents a “bad long-term outlook” for the crypto industry.
According to Bloomberg, Trump intends to make cryptocurrency a national priority.
