On January 18, US President-elect Donald Trump introduced 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 Value and Progress
On the time of writing, the asset is buying and selling at $61,9 with a market capitalization of $12.1 billion. TRUMP has already climbed to the sixteenth place within the rating of the biggest cryptocurrencies, forward of TON and SHIB.
The each day buying and selling quantity has reached virtually $1 billion.
The joy round TRUMP happens towards the background of relative stagnation in the remainder of the market of digital property. Nonetheless, a surge of exercise within the Solana community ensured SOL’s development to new historic highs – the coin is now buying and selling at peak values round $286.
Centralized exchanges together with Binance, Bybit, HTX, Gate and Bitget have all floated the token.
DEX on Solana are additionally recording file highs. Every day buying and selling quantity on the community holds at $21 billion for the second day in a row.
TRUMP’s Coin Tokenomics: Emission and Allocation
The out there provide on launch day was 200 million TRUMP for a complete issuance of 1 billion cash. Based on the venture’s web site, the tokens are deliberate to be unlocked progressively over three years.
A complete of 100 million TRUMP is earmarked for public distribution, with one other 100 million cash to offer liquidity.
The remaining 800 million TRUMP are earmarked for “creators” and CIC Digital, an organization related to Trump’s NFT venture. The primary unlock is scheduled to happen in three months.
Crypto investor and host of The Wolf Of All Streets podcast Scott Melker mentioned Trump’s meme coin is a “important profit” for cryptocurrency however a “detriment to humanity.”
My opinion might change.Good for crypto, unhealthy for humanity.
It’s a gratuitous money seize, undecided how anybody can argue towards that. The long run and previous President of the USA launched a token at 10 pm on a Friday night time and insiders sniped the…
— The Wolf Of All Streets (@scottmelker) January 18, 2025
Because the launch of TRUMP, greater than 200,000 new customers have registered on the Moonshot platform via which Trump proposed to purchase the asset.
In the present day marks 6 months since launch.
Within the final 12 hours, we have been featured on $TRUMP’s web site as THE method to purchase, processed practically $400m in quantity, crushed fiat onramp data by orders of magnitude, and introduced 200k+ new individuals onchain.
Now we have an especially excessive load proper now…
— Moonshot (@moonshot) January 18, 2025
Official Trump’s Coin Value Prediction
The way forward for $TRUMP and comparable “politicized” tokens will depend on information and social networks. If the curiosity within the determine of Donald Trump stays excessive, the volatility of the initiatives can be important.
Optimistic information background raises the worth, whereas any damaging occasion can sharply collapse the charges.
It’s endorsed to not “purchase on highs” and never observe the worldwide traits of the crypto market. Skilled merchants advise utilizing danger administration and diversification, as a result of a sudden “dump” can utterly nullify the deposit of an unprepared investor.
The way forward for Trump’s coin
Arkham Intelligence urged that if the companies CIC Digital and Struggle Struggle Struggle, which collectively personal 80% of the TRUMP challenge, are literally owned by the president-elect, then his fortune has multiplied a number of instances over.
TRUMP’S NET WORTH QUINTUPLES OVERNIGHT TO $28 BILLION
Donald Trump’s internet value is up $22 billion in a single day, assuming CIC Digital LLC and Struggle Struggle Struggle LLC, which collectively personal 80% of the $TRUMP provide, successfully belong to him.
On the present value of ~$28, that stake… pic.twitter.com/N7hH9QUSt9
— Arkham (@arkham) January 18, 2025
On the coin’s present value of $70, Trump’s internet value may very well be valued at round $56 billion. Forbes estimates that in November 2024, the president-elect’s internet value was round $5.6 billion – a rise of greater than 10 instances.
In response to criticism and considerations from the group, crypto-enthusiast Eric Scott said that 80% of the availability within the arms of a politician makes TRUMP one of many “most secure cash” to carry.
Are People actually OK with this? $Trump Coin signifies that overseas governments can basically make themselves nameless after which purchase the coin with a view to present Trump with buying and selling charges, and enhance the worth of his holdings with a view to curry favors. There can be no method to… — Ed Krassenstein (@EdKrassen) January 18, 2025
TradeZella founder Umar Ashraf believes that Trump, given his place, shouldn’t have his personal meme token or try to advertise such an asset.
“That is the improper path for cryptocurrency,” he added.
Moonwell Finance co-founder Luke Youngblood additionally mentioned that the scenario represents a “unhealthy long-term outlook” for the crypto trade.
Based on Bloomberg, Trump intends to make cryptocurrency a nationwide precedence.