Crypto President Trump and His Meme Coin Worth $8 Billion

Author:shaofaye123 , Foresight News

At 10 a.m. on January 18, Trump’s social account launched his personal meme currency TRUMP. Since there was no official news, the community once speculated that the account had been hijacked by hackers.

Later, Moonshot launched TRUMP, and Trump’s official Twitter once again tweeted to promote TRUMP tokens. Speed ​​has passed 8 billion US dollars, and the transaction volume exceeds 1 billion US dollars. It is difficult to distinguish between true and false. Stud earns first.

Token information overview

The TRUMP token picture originated from the photo taken when Trump raised his hands and shouted the iconic battle cry "FIGHT" after being assassinated on July 13, 2024.

The GetTrumpMemes.com website states that Trump Memes are intended to express support for and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its associated artwork and are not intended to be the subject of an investment opportunity, investment contract, or security of any type. Currently, it has been launched on Moonshot, supporting traditional payment methods such as Apple Pay, Visa, Mastercard, and Venmo, and the transaction volume on the chain has exceeded US$10.

The total supply of TRUMP tokens is 1 billion, with 200 million in circulation, and the remaining 800 million will be gradually unlocked in the next 3 years. Trump Organization affiliates CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of TRUMP, subject to a 3-year unlocking plan. CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive trading revenue generated from Trump Cards trading activity.

TRUMP once reached 8 billion, while other related Meme tokens generally

fell.

After the token was launched, its market value surged forward after a brief correction, exceeding US$8 billion. Within two hours of being online, the trading volume exceeded US$1.3 billion.

Some people become rich overnight, while others lose half of their positions. Many smart money made huge profits from this transaction, and dozens of addresses made a total profit of more than 2 million US dollars on TRUMP. KOL 0xsun.sol spent 3,000 SOL ($653,000) to purchase 999,895 TRUMP, and made a profit of nearly $4 million after selling 199,895 TRUMP. The floating profit of the address is still increasing.

But other tokens on the chain are in disarray. Except for FIGHT, which rose by more than 40% and its market value once exceeded US$30 million, other related Memecoin tokens generally fell, with TRUMP falling by 25% and MAGA by 32%.

True or false geometry?

Since the launch of TRUMP, many voices have been arguing about the authenticity of the token. The price of the token also fluctuated greatly, with a fluctuation of more than 300% in 3 minutes. After its market value rose to touch US$2 billion, it quickly fell back to around US$70 million, and then rose to exceed US$8 billion.

There are constant controversies in the market, and some people FUD that it is a hacker attack. Market analyst TylerD published an analysis on the ). When you look up the phone number, responses to cryptocurrency-related scam calls pop up.”

Spotonchain also tweeted that data on the TRUMP chain shows that the owner of the token is 5e2qRc, funded by DKbF4. The address received SOL from Gate and Binance exchanges 2 days and 10 days ago respectively. And have not used the American exchange Coinbase.

There are also people who recharge their faith. Software engineer cygaar pointed out that the deployment of the new Trump Memecoin website is almost identical to the previous NFT website. Same cloudflare setup, same Heroku deployment, same SSL certificate issuer, and the HTML structure is very similar to before. And the Trump Memecoin website was established after a lot of hard work. It uses Cloudflare to protect the website from DDoS attacks, and the SSL certificate was issued on December 21, 2024. This is enough to show that the website has been in preparation for some time.

It is difficult to tell whether the information is true or false, but the market value is constantly rising. The king of understanding is coming to power soon. Is the spring of cryptocurrency coming?