Trump Coin Soars 600% Overnight, Boosts Solana by 15%
President-elect Donald Trump made waves in the crypto industry by unveiling his first official cryptocurrency, the $TRUMP meme coin, at a star-studded “Crypto Ball” in Washington, D.C. on Friday night. The event was held to celebrate Trump’s pro-crypto policies and featured the exclusive launch of the $TRUMP coin on Truth Social and X, formerly known as Twitter.
Unprecedented Growth of $TRUMP Coin Before Inauguration Day
The $TRUMP coin price experienced an astonishing surge of over 600% overnight, reaching a high of $33.78 per token by Saturday noon. This spike catapulted the fully diluted value (FDV) market capitalization to an impressive £27.74 billion ($33.78 billion), according to CoinMarketCap data. With an initial token supply of 200 million set to expand to 1 billion over three years, the $TRUMP coin is poised for significant growth.
Boost to Solana Prices and Industry Impact
In addition to the meteoric rise of the $TRUMP coin, the announcement also had a positive impact on Solana prices, driving them up by over 15% to £206 ($252) per token on January 19th. Trump’s unexpected foray into the crypto world signifies a major milestone for the industry, potentially paving the way for increased adoption and advancements in payment infrastructure and security protocols.
How to Purchase $TRUMP Coin and Exercise Caution
Investors looking to buy the $TRUMP coin can do so through the Moonshot app, a popular memecoin launchpad. By creating an account and funding it via various methods like Apple Pay, credit/debit cards, Venmo, or Solana/USDC, users can acquire $TRUMP tokens. It’s crucial to use the provided Solana Contract address for direct purchases from decentralized exchanges or DeFi platforms.
While the $TRUMP coin has garnered significant attention due to Trump’s endorsement, it’s essential for investors to approach meme coins with caution. The $TRUMP coin is positioned as a symbolic expression of support rather than an investment opportunity, and its value may be subject to extreme volatility. Prior to investing, individuals should conduct thorough research or consult with financial experts to mitigate risks associated with cryptocurrency trading.
Remember, the world of crypto is dynamic and unpredictable, so proceed with caution and always prioritize due diligence before making any investment decisions.
