Trump Meme Coin, the official Donald Trump cryptocurrency, took the crypto world by storm when it launched on Friday. Within hours, it became the hottest topic in the market, luring investors and enthusiasts alike. By Saturday morning, as the US awoke to the news, the Trump coin had reached an astonishing $30, representing a 12,000% increase from its initial price.
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The deadly overnight rally now appears to be just the beginning. The coin’s meteoric rise barely makes a dent in its rising vertical chart. With a staggering $6 billion market cap and a fully diluted value of $30 billion, TRUMP Coin is quickly establishing itself as a phenomenon in the meme coin category.
For early investors, the returns have been life-changing. A modest investment of $10,000 at launch is now worth a whopping $1.2 million. The huge potential of this viral property. As the TRUMP coin continues to dominate the headlines, speculation is mounting as to whether it is short-term hype or the start of a new trend in the crypto space. With such explosive growth, all eyes are on the next move of this exceptional meme coin.
Trump became the biggest meme coin in history
At 9:44 PM ET on an otherwise quiet Friday night, President-elect Donald Trump made history by launching the $TRUMP meme coin, which has already become the largest meme coin phenomenon ever to hit the market. Accordingly Kobisi letterA trusted voice in global capital markets commentary, TRUMP is up a staggering 9,500%, with $2.2 billion in trading volume within just 12 hours of his debut.
Initially met with skepticism, the announcement of $TRUMP’s launch seemed so unlikely that many traders assumed Trump’s account had been hacked. However, with no official statement refuting the coin’s legitimacy, confidence grew – and so did the price.
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By 12:45 AM ET, Trump had broken above $10, quickly in a parabolic rally. In the early hours, traders saw unprecedented returns. One investor reportedly turned $50,000 into nearly $1.1 million in just two hours. Remarkably, Trump beat the 30-year cumulative return of the S&P 500 within the same short window.
A key factor driving the coin’s explosive price action is its limited circulating supply. Only 20% of the maximum supply—200 million coins—are currently on the market. Over the next 36 months, the remaining 800 million coins will be released gradually. Speculation is rife that Trump himself holds this undivided share, possibly giving him considerable control over the property.
With $TRUMP already establishing himself as a phenomenon, coin flips remain a fascinating spectacle. The intrigue surrounding this unprecedented rally and its supply mechanics cemented it as one of the most extraordinary stories in crypto history.
Price action and market cap details
TRUMP Coin’s explosive growth has raised questions about its market cap and fully diluted valuation (FDV). With a total supply of 1 billion coins, FDV—if all tokens were circulating—would stand at about $21 billion based on current prices. However, since only 200 million coins are currently in circulation (20% of the total supply), the market cap is approximately $4.2 billion. This significant disparity highlights the influence of circulating supply on evaluation metrics.
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Price action, for now, provides limited insight into the coin’s future. There is too little data to perform meaningful technical analysis. The TRUMP chart inevitably includes a parabolic green candlestick, indicating its meteoric rise in a hype-dominated environment. This leaves the market with a critical question: Can demand sustain current levels as the remaining 80% of supply slowly enters circulation?
The TRUMP withdrawal schedule outlines how the maximum supply will be delivered over the next 36 months. Skeptics argue that this influx of supply could lead to oversaturation, eventually causing the coin’s price to fall to $0. On the other hand, bulls believe that the gradual nature of the schedule allows demand to keep pace. This can reduce the risk of a significant price drop. For now, the debate continues.
Featured images from Dall-E, charts from TradingView
