Trump’s Official Memecoin $TRUMP Skyrockets to $9 Billion Market Cap Within Hours

President-elect Donald Trump launched an official Solana-based meme coin, $TRUMP, just days before his inauguration.

The token reached a staggering $9 billion market cap within three hours of its announcement, surpassing prominent memecoins like Pepe and Bonk.

Market observers were initially skeptical, suspecting a potential hack, but the project’s links to Trump’s prior ventures have confirmed its authenticity.

Trump’s announcement, shared on his Truth Social and X accounts, marked a bold move into the crypto space, signaling a shift in his stance from skepticism to advocacy.

This development arrives amid growing enthusiasm for blockchain innovation in the U.S., amplified by Trump’s plans to prioritize crypto as part of his national policy agenda.

Trump’s Unprecedented Leap into Crypto

Trump’s $TRUMP meme coin launch has captured the attention of both crypto enthusiasts and skeptics. The project, managed by CIC Digital LLC—the same entity behind Trump’s NFT trading cards—has raised eyebrows due to its structure and allocation.

Of the one billion total tokens, 80% will be distributed to creators and CIC Digital over three years, with only 10% allocated for public distribution.

Blockchain experts have verified the coin's legitimacy, noting technical similarities between the $TRUMP website and Trump’s previous NFT projects. Blockchain engineer Cygaar highlighted the identical deployment setup, confirming its authenticity.

The coin's swift market cap surge reflects the immense demand, with trading volumes nearing $1 billion within hours of launch.

This move further solidifies Trump’s transformation into a self-proclaimed “crypto president,” a stance he adopted during his 2024 campaign.

His efforts to integrate blockchain into national policy could redefine the U.S. crypto landscape, fostering innovation while igniting debates about regulation.

Memecoin Mania and Security Concerns

Despite its success, $TRUMP’s launch hasn’t been without controversy. Initial skepticism regarding the coin's legitimacy stemmed from a wave of high-profile account hacks in recent months. However, on-chain analysis and Trump’s continued promotion have alleviated these concerns.

Security experts noted red flags, such as the use of funds from Binance and Gate—exchanges not typically serving U.S. customers—to seed the project. Yet, these concerns diminished as blockchain experts verified the project’s authenticity.

The token’s meteoric rise also underscores the growing influence of celebrity-backed cryptos. Unlike traditional investments, memecoins rely heavily on social sentiment, with figures like Trump wielding the power to drive unprecedented demand.

What’s Next for $TRUMP and U.S. Crypto?

Trump’s foray into the crypto space signals more than just a meme coin launch. It reflects his broader vision to integrate blockchain into the national agenda.

Bloomberg sources reveal that Trump plans to issue an executive order prioritizing crypto innovation, establishing a new advisory council to foster collaboration between the government and the industry.

The inaugural “Crypto Ball,” held in D.C. the night of the launch, further highlighted the synergy between Trump’s administration and the crypto community.

Attended by industry leaders and celebrities like Snoop Dogg, the event celebrated blockchain innovation ahead of Trump’s presidency.

As $TRUMP continues to dominate headlines, its impact on the crypto market remains to be seen. For now, the coin’s remarkable rise demonstrates the potential of celebrity-backed tokens to redefine market dynamics and propel blockchain innovation into the mainstream.