No one can stop Trump from doing anything. At 6 o'clock in the evening on Friday, January 17th, U.S. time, a tweet suddenly appeared on Trump's official X account, announcing the issuance of TRUMP Meme. Subsequently, TRUMP Meme skyrocketed, and in the next 15 hours, the price increased by more than 160 times, and the total circulating market value skyrocketed from zero to $30 billion.
At noon on January 20th, Eastern Time, Trump will officially be inaugurated as the new president of the United States. Releasing the news at this time is undoubtedly taking advantage of the popularity of the elected president, while also perfectly avoiding a series of legal and regulatory restrictions that sitting president may face, because theoretically, Trump is not currently the president of the United States.
Funds are pouring in, and there are more than 107,000 independent blockchain addresses participating in TRUMP Meme transactions. The transactions of some addresses have attracted attention. These addresses bought in large quantities almost at the same time as Trump’s tweet was released, and the profit exceeded 150 times in less than 15 hours. Million dollars of capital instantly turned into hundreds of millions of dollars.
At present, the craziness of TRUMP Meme is still continuing, and more funds are still pouring in. Trump has not yet taken office, and crazy things have already happened. According to the usual trend of crypto Meme coins in the past, after a wave of currency price speculation, it will quickly fell back, causing large-scale liquidation and capital losses. However, it is unknown how long the popularity of TRUMP Meme can last. Many people are also doing crazy speculation with the mentality of making a profit and running away. However, this time the endorsement of the "President of the United States" has made more people more unscrupulous. And this is where the biggest risk lies.
TRUMP Meme skyrockets, one address bought 1 million and made $100 million
Just three days before the new U.S. President-elect Trump was about to officially take office, Trump announced on his personal official X account that he would issue a cryptocurrency called TRUMP Meme. The tweet stated that now is the time for us to celebrate victory, hurry up and join the special Trump community to celebrate together! The tweet also attached the official website gettrumpmemes.com and the blockchain wallet address.
The tweet immediately attracted attention as soon as it was released. News of Trump’s currency quickly spread, and funds began to pour in crazily. Less than 14 hours after this tweet was released, the price of TRUMP Meme rose more than 160 times, and the price once reached a maximum of more than 30 US dollars. According to the maximum circulation of 1 billion claimed by its official website, TRUMP Meme's total market value once exceeded 30 billion US dollars in less than 15 hours.
It is worth noting that the current circulating supply of TRUMP Meme is only 200 million, and the remaining 800 million uncirculated coins are held by a single address.
But even the current 20% circulation volume does not affect the crazy influx of funds. In just a dozen hours, many wealth-making myths have been created. For example, an address purchased US$1 million when the TRUMP Meme was first issued. Currently, The market value has reached US$164 million, and there are still addresses that have purchased US$31.2 million, making a profit of US$29.8 million. The market value of the remaining positions is still as high as US$184 million.
Crypto carnival or Trump carnival?
Shortly after Trump sent out this tweet, many people asked in confusion whether Trump’s account had been hacked. But more people don’t care about authenticity, and their FOMO (fear of missing out) mentality is clearly visible. Currently, there are nearly 100,000 independent blockchain addresses participating in TRUMP Meme transactions. The Solana blockchain platform where the TRUMP Meme is located has exceeded US$11.4 billion in transaction volume in the past 24 hours, exceeding the combined transaction volume of all other major blockchain platforms in the same period.
Retail money is also pouring in, and the Moonshot app for buying and selling cryptocurrencies on Solana quickly topped the list of financial apps in the U.S. iOS App Store. The Solana wallet application also quickly ranked fifth in the application app rankings.
Although Trump has not made any other official announcements or statements about issuing coins except for the tweet on X, combined with all his previous public statements, Trump’s move to issue coins seems reasonable.
During this U.S. presidential campaign, one of Trump’s major claims was to support cryptocurrency, saying that Bitcoin would be used as a strategic asset reserve for the United States. After successfully being elected as the new U.S. president, the digital cryptocurrency industry ushered in a new bull market, with Bitcoin roaring above $100,000. Before Trump was about to officially take office, there were reports that he would immediately issue a presidential executive order related to cryptocurrency as a "national priority" upon taking office.
The timing of Trump's currency issuance is currently carefully planned. Three days before his official inauguration, which is Friday evening U.S. time, theoretically speaking, he is not the current president, so he can bypass many regulatory restrictions and quickly push up the coin price by taking advantage of the popularity of his presidency.
The official website of the TRUMP Meme states a disclaimer: “$TRUMP is not “intended to be” or “considered as” an investment opportunity or security of any kind, and it “has nothing to do with politics, any political campaign, political position or government agency ".
Judging from the current market performance, Trump's goal has been achieved. In just half a day, the circulating market value of Trump Meme has gone from zero to more than 6 billion US dollars, and the total market value of all the bans is as high as 30 billion US dollars.
On the morning of the 18th, 15 hours after the release of TRUMP Meme, Trump’s son Eric Trump announced on his personal official X account that TRUMP Meme had become the most popular MEME coin. Trump himself also retweeted this, indirectly confirming that TRUMP Meme is indeed related to the Trump Organization.
No one can stop Trump from doing anything. Before officially taking office as President of the United States, Trump made another history: the President-elect of the United States issued a cryptocurrency. What seemed incredible in the past is now a reality.
According to the examples of countless encrypted digital Meme coins in the past, currency prices fell quickly after a short period of speculation, and countless wealth evaporated instantly. There is no doubt that TRUMP Meme is also taking advantage of the popularity of the elected president. It is unknown how long this wave of hype can last, but as currency prices continue to rise, many retail investors' funds are still pouring in, and these funds are destined to be hit hard in a round of adjustments.
This time, relying on the endorsement of the so-called "President of the United States," many people are acting more unscrupulously, with a more speculative mentality, and risks are accumulating. Trump's unscrupulous behavior has stunned people before he officially took office. After that, maybe there will be more craziness.
