Trump launches meme coin before inauguration

On By Littum

President-elect Donald Trump has launched his own meme coin, sparking excitement from the cryptocurrency world that has reportedly left the coin with a market cap of $6.8 billion.

The US President-elect announced that he is introducing his new official “$TRUMP” meme coin to celebrate “WINNING”.

In a post on X on Saturday, he wrote: “My NEW official Trump meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump community. GET YOUR $TRUMP NOW.”

President-elect Donald Trump has launched his own meme coin
President-elect Donald Trump has launched his own meme coin (Copyright 2025 The Associated Press. All rights reserved)

The cryptocurrency market’s response was according to Crypto Timeswith one trader getting a windfall of $20 million within the first hour of disclosure.

The price of the coin reportedly continued to rise after the announcement, from $0.18 to a high of $3.70, with $TRUMP currently at $7.10. This is a 4,000 percent increase from its inception with a market cap of $6.8 billion.

Solana (SOL) developed the coin and created 200 million tokens for its launch – although the total supply will be 1 billion in the next three years.

One trader bought close to $6 million in TRUMP coins for about $1.1 million using USDC, according to Lookonchain. Just 90 seconds later, the investment was worth $23 million. They have apparently sold a small number while they have the remaining 5.43 million, giving them a profit of more than $20 million.

The launch comes just before Trump and Vice President-elect JD Vance are inaugurated on Monday.

The ceremony has been moved indoors to the Capitol Rotunda because the cold temperatures expected in the nation’s capital are set to mark the coldest Inauguration Day in four decades.

Meanwhile, the number of Democrats who have reportedly said they will skip the inauguration continues to grow.

Michelle Obama recently announced that she will not be attending the ceremony.