$TRUMP meme coin’s explosive debut: A 300% surge in hours shakes the crypto world - CNBC TV18

Category: Cryptocurrency

Donald Trump launched the $TRUMP meme coin just before his second presidential term, achieving a market cap of $8 billion in under three hours. The coin's value surged over 300%, reaching $21.51 shortly after its release. Built on the Solana network, $TRUMP has a total supply of 1 billion coins, with 80% held by Trump-affiliated companies. The launch has generated mixed reactions, with some celebrating it as a bold move into cryptocurrency while others express skepticism regarding its legitimacy and ownership concentration.

Keywords: $TRUMP, Donald Trump, cryptocurrency

Source: CNBCTV18

Update At: 1/19/2025

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