Donald Trump Launches $TRUMP Memecoin, Surges to $9B Market Cap in Hours

In the lead-up to Donald Trump’s second inauguration as the 47th President of the United States, a monumental crypto event has unfolded - Trump shared a link on his X and Truth Social accounts directing users to purchase his newly launched memecoin, $TRUMP.

The coin, launched on the Solana blockchain, has skyrocketed past a $9 billion market cap within just three hours. Trading volume has surged to $1 billion, making it the fastest-growing cryptocurrency in history. Effectively, all liquidity has been pulled onchain on Solana, namely memecoins and AI Agents.

Solana itself has seen a sharp price rise, diverging from other majors like BTC and ETH due to its selection as the platform for Trump’s launch.

Is the Launch Real?

The legitimacy of the launch is being debated. While some believe Trump’s accounts may have been hacked, reputable developer 0xCygaar verified that the memecoin’s website closely resembles Trump’s previous NFT site. Furthermore, the coin has been verified on Phantom with the address 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN tied to an LLC registered just 10 days prior.

Some crypto KOLs, like JRNY Crypto, argue the launch could be fake, as there has been no formal confirmation from Trump’s team. However, this uncertainty hasn’t deterred the market, with $TRUMP’s market cap climbing higher by the minute.

This launch has stunned the crypto world, with the potential to make early adopters extremely wealthy, or leave them completely rekt.

Stay tuned for updates on this story as it unfolds.

Disclaimer: none of this is financial advice. Readers are advised to always do their own research.