Donald Trump, known for his unconventional approaches and colorful statements, has once again attracted attention by launching his own memcoin #TRUMP. He announced this on his Truth Social platform, and the token can be purchased through gettrumpmemes.com.
The #TRUMP memcoin was created on the Solana blockchain, which ensures its high speed and low fees. Trump’s idea to launch a memcoin with an explicit link to his name has been quite successful. The token’s capitalization has already reached an impressive $13 billion, and in the first 3 hours after the start of trading its price soared from $6.5 to $12, which means an increase of more than 90%.
The unusual project quickly attracted the attention of major crypto market players. Several centralized exchanges announced the listing of #TRUMP memcoin. One of the first major announcements was news from Binance Futures, which will officially launch an open-ended TRUMP/USDT contract. In addition, the margin for trading this contract will be up to 25x, which attracted the attention of traders ready to take a risk on new but promising assets.
At the start of sales, the #TRUMP memcoin cost only $6, but its price quickly crept upward, reaching $77 at the peak of trading. Such a sharp rise in price, as well as numerous announcements of listing on major cryptocurrency exchanges, were the main drivers of success. This confirms that memcoins, despite their hype nature, can be a powerful tool in marketing and contribute to significant interest in the cryptocurrency market.
