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$TRUMP wallet is a tool to manage your cryptocurrency, similar to how a bank account is used for storing and managing more traditional currencies, like fiat. Atomic TRUMP Wallet helps users to receive, send and store TRUMP easily and securely. Learn more on crypto wallets in our guide here.
TRUMP is an official Solana based meme coin launched by US President Donald Trump on his Twitter page just days before the inauguration. It has become a hit and is on its way to becoming one of the most popular crypto coins. Some people say that it is as big as Pepe, but it is not as well-known as the largest meme coin, Doge.
Memecoin Market Boom
Memecoins refer to cryptocurrencies that usually have no intrinsic value or utility but gain popularity through online communities and social media. This market has seen explosive growth, marked by a surge in interest and trading volume. Investors are flocking to these digital coins, hoping to profit from their rapid price movements.
The launch of TRUMP coin exemplified this phenomenon, showcasing how quickly a new memecoin can gain traction. The TRUMP coin recorded a staggering market capitalization surge of over 800%, reaching $3 billion within just seven hours of its release. This remarkable growth indicates the potential volatility and investment opportunities associated with memecoins.
Time Period | Market Capitalization (in billions) |
|---|---|
Initial Launch | 5.5 |
7 hours post-launch | 3 |
January 20, 2025 | 12 |
The Launch of TRUMP
The TRUMP coin made headlines when it debuted, capturing significant attention in the cryptocurrency community. With an initial supply of 200 million tokens, it quickly climbed to a market capitalization nearing $5.5 billion within hours of launch. Investors were eager to engage with this new digital asset, leading to wild fluctuations in related cryptocurrencies.
The launch also had a noteworthy impact on established coins, most notably Bitcoin. Following the announcement of TRUMP coin, Bitcoin's price surged from approximately $97,000 to over $105,000 on January 18, 2025. This event reflected the interconnected nature of the cryptocurrency market and how new memecoins can influence the performance of traditional cryptocurrencies.
As of January 21, 2025, the TRUMP token was trading at $37, with a market capitalization reaching around $7.5 billion. The rapid escalation in value demonstrates the frenetic pace at which the memecoin sector operates, attracting investors eager to ride the wave of popularity.
The memecoin market, particularly with the introduction of coins like TRUMP, highlights a new era of cryptocurrency trading where community engagement and hype significantly influence market dynamics. Understanding these trends is essential for both new and experienced investors navigating this volatile environment.
TRUMP Coin Market Performance
The TRUMP meme coin experienced an extraordinary market performance shortly after its launch. It surged by more than 300% in market value, establishing itself as the fastest-growing meme coin ever to be launched. Within just two days after its introduction in January 2025, TRUMP coin crossed a remarkable $10 billion market capitalization.
Timeline | Market Capitalization |
|---|---|
Launch | $3 billion (7 hours after release) |
Day 1 | Crossed $15 billion |
January 20 | Around $12 billion |
This impressive growth demonstrates the strong demand for meme coins and the significant interest in the TRUMP token from investors and cryptocurrency enthusiasts alike.
TRUMP Coin Supply and Distribution
The initial supply of the TRUMP coin was set at 200 million coins, with plans for an additional 800 million coins to be released over the subsequent three years. A notable aspect of this distribution is that approximately 80% of the total supply is allocated to the coin creators and CiC Digital LLC, an affiliate of the Trump Organization. This has raised concerns regarding the centralization of token ownership.
- Coin Creators will get 80%
- Initial supply is 20%
- Total Circulation is around 1 billion
This economic design aims to ensure long-term stability and community-driven growth, with a strategic approach to token release. During the initial Token Generation Event (TGE), only 20% of the tokens were made available, while the remaining 80% will be gradually unlocked over time according to predetermined mechanisms. This methodology is intended to maintain market stability and prevent drastic fluctuations, fostering a resilient trading environment for investors.
Criticisms and Reactions
Centralization Concerns
The launch of the TRUMP coin has raised significant concerns regarding centralization. Initially, the TRUMP coin was introduced with a total supply of 200 million coins. However, there are plans to release an additional 800 million over a period of three years. A major point of criticism arises from the fact that approximately 80% of the total supply is allocated to the coin creators and CiC Digital, an affiliate of the Trump Organization.
This high level of centralization means that a small group controls a vast majority of the tokens. Specifically, about 80% of the TRUMP coins are held by CiC Digital LLC and Fight Fight Fight LLC. Such concentration of ownership can lead to potential conflicts of interest in the management and distribution of the coin, which raises concerns among investors about the reliability and security of their investments.
Impact of Melania's MELANIA Coin
The market reaction to Melania Trump's announcement of her own memecoin, MELANIA, has had a direct impact on the TRUMP coin. MELANIA was introduced less than two days after the TRUMP coin launch, and its announcement sparked a rapid decline in TRUMP's value.
Shortly after Melania's coin was shared on social media, the TRUMP token's value plummeted by more than 50% in just minutes. This swift decline represented a loss of approximately $6 billion in market capitalization, which ultimately led to the TRUMP coin being pushed out of the top two memecoins by market cap, as people started to buy MELANIA more.
How to Invest in TRUMP
Investing in TRUMP, the latest memecoin, can be done through various platforms, with Atomic Wallet being a popular choice among traders. This section provides an overview of how to buy TRUMP for your crypto wallet.
Buying TRUMP
To start purchasing TRUMP, users need to follow a series of straightforward steps:
- Download Atomic Wallet from the official website.
- Registration: Create an account by providing the necessary information, you will only need a password and seed phrase.
- Deposit Crypto: Add funds to your account by depositing Tether (USDT) or Solana (SOL), which have trading pairs with TRUMP. You can also buy TRUMP with a credit card!
- Execute Transactions: Navigate to the Exchange area and select the suitable trading pair. Place a buy order for TRUMP according to your investment strategy.
This process allows users to access the TRUMP token efficiently and commence trading.
Trading TRUMP on the Market
The trading history indicates a strong momentum at launch, with the token's price rising sharply. However, subsequent price movements have shown volatility, which is common with memecoins. Investors should remain cautious about the speculative nature of such assets and consider their risk tolerance.
When engaging in trading, it's advisable to monitor price fluctuations and market trends. Understanding the factors influencing TRUMP's price will help investors make informed decisions and optimize their trading strategies.
