ALBAWABA - US President-elect Donald Trump announced the launch of his own meme coin, $TRUMP. The cryptocurrency, based on the Solana network, saw a surge of approximately 4,200% in just two hours.
Trump’s new meme cryptocurrency
Trump announced the launch of his new meme coin, $TRUMP. The cryptocurrency is built on the Solana network, a blockchain designed for mass adoption.
Notably, it is a high-performance network used for a variety of applications, including finance, NFTs, payments, and gaming.
Two hours after its launch, the value of Trump’s meme coin surged to approximately $8 billion. Additionally, the coin rose by more than 300% within the first three minutes following the announcement, with trading volumes nearing $1 billion, according to the Geothermal Data Repository (GDR).
“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 $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!,” Trump stated on X.
The trading price of Trump’s new meme coin is currently $18. The cryptocurrency saw a surge of about 4,200% in the first two hours of trading, with its market value reaching $7.7 billion.
According to the official cryptocurrency website, there are now about 200 million $TRUMP available now and it is expected to reach 1 billion in three years.
