The crypto space has been electrified with the launch of the TRUMP token, a meme-inspired cryptocurrency introduced by President-elect Donald Trump. Within 24 hours of its debut on January 17, the TRUMP token reached a staggering market capitalization of over $13 billion, making waves across both centralized and decentralized exchanges.
A Record-Breaking Debut
According to CoinGecko, the TRUMP token has surged over 130% since its launch, cementing its position as the second-largest meme coin after Dogecoin. It has surpassed prominent tokens such as Shiba Inu and Pepe, with its price currently standing at $63.
This explosive growth has triggered a rush from major exchanges. Centralized platforms like Binance, Coinbase, Kraken, and OKX have already listed the token. On the decentralized front, Solana-based exchanges like Raydium and Orca have joined the action, driving record trading activity.
Data from DefiLlama shows that Raydium alone generated over $25 million in fees and nearly $3 million in revenue within a single day, highlighting the massive impact of the TRUMP token on Solana’s ecosystem.
Trump’s Net Worth Skyrockets
The TRUMP token’s success isn’t just reshaping markets—it’s also having a dramatic effect on Donald Trump’s wealth. Blockchain analytics firm Arkham Intelligence reported that entities associated with Trump, including CIC Digital LLC and Fight Fight Fight LLC, collectively hold 80% of the TRUMP token supply.
“At the current price of ~$28, that stake is worth $22.4 billion,” Arkham Intelligence revealed. With Forbes estimating Trump’s net worth at $5.6 billion in November 2024, the addition of the TRUMP token could mark a 5x increase, bringing his net worth to an estimated $28 billion.
Rumors of a New Crypto Project
As the TRUMP token gains momentum, speculation about another cryptocurrency project, USA Coin, has emerged. However, Eric Trump, Donald Trump’s son, denied any connection between the Trump family and the rumored project.
“$USA coin has nothing to do with us,” Eric Trump clarified on X.
Instead, Eric focused on the TRUMP token’s success and teased future developments. He hinted at the family’s plans for their DeFi venture, World Liberty Financial, which he believes will transform both decentralized and centralized finance.
“Trump is currently the hottest digital meme on earth, and I truly believe that WorldLibertyFi will revolutionize DeFi/CeFi and will be the future of finance,” Eric Trump stated.
What’s Next for TRUMP?
With the TRUMP token already establishing itself as a major player in the meme coin space, the spotlight is on its long-term impact on both crypto markets and Donald Trump’s financial legacy. Whether it sustains its meteoric rise or faces the volatility typical of meme coins remains to be seen, but for now, the TRUMP token has undoubtedly captured the crypto world’s attention.
