The $Trump cryptocurrency project was launched on Friday, January 17, 2025, by President-elect Donald Trump. Here's an overview based on the available data:
Starting Price: The coin began trading at approximately $4.29. Posts on X also mention the starting price being around $0.18 and $1, reflecting the volatility and excitement around its launch.
Current Price: As of the latest updates, the $Trump coin's price has fluctuated significantly. On January 19, 2025, it was trading at $65.2, showing a substantial increase from its starting price. On January 20, 2025, the price was reported at $52.04.
Market Dynamics: The launch of $Trump has been described as taking the crypto world by storm, with significant trading volumes and market capitalization growth.
Within hours of its launch, it achieved a market capitalization of $7.7 billion, and by January 20, 2025, its market cap was around $10.7 billion. The coin has seen a price surge of over 600% in less than 24 hours from its launch, highlighting its rapid market acceptance and speculative interest.
Distribution and Ownership: The coin's total supply is set at 1 billion, with 200 million coins initially available, expanding over three years to the full supply. Notably, 80% of the coins are owned by entities associated with Trump, such as CIC Digital LLC and Fight Fight Fight LLC, with the rest available for public trading or held in liquidity.
Platform and Purpose: $Trump operates on the Solana blockchain and is marketed as a meme coin without inherent utility, primarily serving as an expression of support for Trump's ideals and beliefs, rather than functioning as an investment vehicle or security. 17GEN4.com
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