TRUMP Meme Coin Surpasses Shiba Inu in Blast First Time

The crypto world is abuzz with excitement after President-elect Donald Trump unveiled a meme coin called “Trump.”

Since its launch, the token has gained significant momentum, being listed on major exchanges and trading volumes have soared.

TRUMP Meme coin shakes the market

On January 17, Donald Trump unveiled the TRUMP token, and the impact was immediate. memecoin quickly gained traction, growing to a market capitalization of over $13 billion in 24 hours.

According to CoinGecko, the price has increased by more than 130%. In terms of market value, it has surpassed popular tokens like Shiba Inu and Pepe. So far, the token is trading at $63, which shows its explosive popularity.

The rapid rise of the TRUMP token has attracted attention from popular centralized and decentralized exchanges. Leading platforms like Binance, Coinbase, Kraken and OKX already list it.

Additionally, decentralized exchanges on the Solana blockchain have joined the action, including Radium and Orca. This led to a record trading volume on Solana, with Radium generating more than $25 million in payouts and nearly $3 million in revenue in one day, according to Defillama data.

Beyond market activity, blockchain analysis suggests that the token's success had a significant financial impact on Donald Trump. Reports indicate that entities affiliated with him have significant stakes in the token's supply, potentially adding billions to its assets.

“Donald Trump's Net Worth Soars $22 Billion Overnight CIC Digital LLC and Fight Fight Fight LLC, believed to own a total of 80% of the $TRUMP supply. At the current price of ~$28, that share is worth $22.4 billion. Forbes estimated the president-elect's net worth at $5.6 billion in November 2024. If this is correct, the increase in memecoin stock will be a 5x increase,” reported the blockchain intelligence platform Arkham Intelligence.

The rumor of the American coin was rejected

As the TRUMP token continues to garner widespread attention, rumors of another cryptocurrency project called USA Coin have surfaced.

Donald Trump's son Eric Trump has said there is no connection between his family and the rumored project. The Trump family has emphasized that it will only focus on the TRUMP token, wanting to avoid any confusion.

Eric Trump on X: “The US dollar has nothing to do with us.

Eric Trump praised the success of the TRUMP token, calling it the hottest memecoin globally. He also hinted at the future plans of Token and his family's DeFi venture, Global Freedom Finance, to revolutionize decentralized and centralized finance and position it as a force for change in the financial world.

Eric Trump added, “Trump is the hottest digital meme on earth right now and I truly believe that World Liberty Fi will improve DeFi/SiFi and become the future of finance.