Two days before taking office, US President-elect Donald Trump published an “official meme” on social network X, a cryptocurrency dedicated to his election victory.
Image source: gettrumpmemes.com
«My new official Trump meme is here! It’s time to celebrate everything we stood for: victory. Join my special Trump community. Get your $TRUMP now,” reads the politician’s post on the social network X, which also contains a link to a site where “Trump Memes” are sold. The post still remains on his page, although some users suggested that Trump’s account had been hacked; At the time of writing, it has more than 22 million views.
Image source: x.com/realDonaldTrump
The question and answer section on the website listed in the post states that “Trump Memes” are “fungible crypto assets created and tracked on the Solana blockchain.” The picture shows the President-elect of the United States raising his fist in a victory gesture. This is likely a reference to the failed assassination attempt on him that occurred on July 13, 2024. Users of the social network X suggested that $TRUMP refers to memcoin, a “meme” cryptocurrency dedicated to politics that is being put into circulation.
There were also dissatisfied ones: some X users called on the owner of the platform, Elon Musk, to stop cryptocurrency fraud, others condemned Trump for trying to profit from them, and others simply refused to believe in the reality of what was happening.
Others are trying to make money as quickly as possible on a big-name cryptocurrency. Following the announcement, the price of $TRUMP almost instantly soared from $0.18 to $3.7 and continued to rise. Currently, the price of $TRUMP is $7.1, which is 4000% more than at the beginning of its existence, and the market capitalization has exceeded $6.8 billion. One of the traders bought almost 6 million $TRUMP coins for approximately $1.1 million and already within 90 seconds the investment was worth $23 million.