Trump's $TRUMP Memecoin Climbs to New $35 Billion High
Trump's $TRUMP memecoin continued to climb — and split the mood on CT
By: Zack Guzman
January 19, 2025
President-elect Donald Trump launched a memecoin on Friday that continued its ascent to a $35 billion market cap on Saturday.
A tweet from President Trump's Truth Social accounts and his verified X account announced $TRUMP late Friday night. An hour later it was trading with a market cap above $7 billion, and crossed the $35-billion mark on Saturday.
However, as I noted in a now viral tweet that both President-elect Trump and his son Eric Trump re-tweeted, it certainly felt like some of the launch was intentionally planned around the black-tie Crypto Ball event that attracted top industry players.
Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%
— Zack Guzmán (@zGuz) January 18, 2025
He did so after inviting the Crypto Industry to a black tie event in DC
Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of 🧵 pic.twitter.com/pTvdDKwgEF
The thread seemingly struck a nerve with crypto builders who weren't quite sure what to make of the incoming President launching a memecoin of his own (and one that will see 80% of its total supply held by the team behind it.)
In a follow-up poll, it seemed like the crypto community was split, but mostly bullish on Trump launching a memecoin. More than 50% of respondents in my extremely non-scientific poll said the drop made them "more bullish" on the space, while just over 29% said they were less so.
President-elect Trump launched his $TRUMP memecoin on Friday and it rocketed to a $25 billion market cap in record time
— Zack Guzmán (@zGuz) January 18, 2025
Does the $TRUMP launch make you more or less bullish on the crypto space in general?
The token launch comes just three days before Trump's inauguration and SEC Chair Gary Gensler's resignation.
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