TRUMP meme coin grew by 883%

Note: not investment advice!

The new meme-coin TRUMP, created by Donald Trump, has gained considerable popularity in a short time, showing an 883% increase since its launch. According to CoinMarketCap, the asset’s market capitalization reached $ 12.8 billion over the weekend, and the daily trading volume exceeded $ 14 billion. This allowed TRUMP to enter the top 18 largest crypto assets in the world. At the moment, the meme token retains its position in the digital asset ranking.

Launched on the Solana blockchain SOL $173.01 Solana -0.40% Market capitalization $84.55 billion VOL. 24 hours $0.47 billion on January 18, 2025, the token has attracted interest not only from investors but also from leading cryptocurrency platforms. Binance, Coinbase, and other exchanges quickly added it to their listings. The growing popularity of TRUMP helped to strengthen the position of Solana, whose SOL token reached a new high of $ 279.

However, the concentration of 80% of TRUMP’s supply on one wallet has caused skepticism among analysts. Arkham Intelligence emphasizes that most of the tokens may belong to CIC Digital LLC and Fight Fight LLC, which are associated with the new US president. If these assumptions are correct, his wealth could have increased tenfold due to the growth in asset value.

Amid discussions of possible national initiatives by Trump related to cryptocurrencies, the situation with TRUMP could become an important precedent in the field of digital assets.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!