Donald Trump, the president-elect, via his social media handles, announced the creation of the meme coin “TRUMP.” “I present my official meme coin, ‘TRUMP,’” Trump declared today on Truth Social, his social media platform.
The token’s official website, gettrumpmemes.com, states that 200 million TRUMP tokens will be available on launch day. The supply will grow to one billion over three years. The token is built on the Solana blockchain.
“It is available for purchase on the homepage. The information on the homepage indicates that TRUMP is based on Solana (SOL). Initially, 200 million will be distributed, and over three years, 1 billion TRUMP will be distributed,” the website stated.
TRUMP experienced a spectacular surge, hitting $20 within a few hours and is now valued at $21 billion on the market. Cryptocurrency traders jumped on board, boosting trading volume to hundreds of millions of dollars.
The social media posts are authentic, given that Trump’s X and Truth…
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