Donal Trump meme coin $TRUMP surges 300 percent hours after launch shakes cryptomarket

$TRUMP meme coin was launched by Donald Trump a day before his second term. Trump is going to take over as US President from January 20. $TRUMP took the cryptocurrency market by storm as soon as it was launched. Its initial value was $0.18. According to CoinMarketCap, within a few hours of its launch it reached $7.1 and then its price rose to $21.51. This was a massive jump of 231.61% that was seen in Meme Coin.

$TRUMP is built on the Solana blockchain. Its capped supply is 1 billion tokens. At present 20 crore coins have been released. The remaining supply will be released in a phased manner over three years. Talking about ownership, 80% of its tokens are owned by CIC Digital LLC which is a subsidiary of Trump Organization. Along with this, Fight Fight Fight LLC is also included in it, which is a new entry based in Delaware. Its registration is said to have happened only two days ago.

Donald also posted about his meme coin on social media platforms. Trump gave this information on Truth Social. Also posted about it on X. Followers were also urged to purchase tokens through the gettrumpmemes.com website within a 48-hour window. $TRUMP created a stir on social media as soon as it was launched.