The cryptocurrency market experienced a massive response on January 17th when Donald Trump, the recently elected president of the United States, unveiled his official meme coin, 'TRUMP.'. Within the first hour of the news, one trader received a windfall of $20 million in less than an hour.
Donald Trump launched the new meme coin on his social media platform, Truth Social, with these words: "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!"
According to Cryptotimes, Donald Trump's $TRUMP memecoin launch on Solana has taken the crypto world by storm, becoming the hottest topic on several social media platforms. In just two hours of its launch, the coin surged over 4,200%, reaching a jaw-dropping $7.7 billion market cap.The sudden launch, combined with its massive growth, has sparked debates, confusion, and FOMO across social media.
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 https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
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