Callme Crypto 
- Donald Trump launched the TRUMP memecoin on the Solana blockchain, which quickly reached a market capitalization of $17.4 billion.
- The project was implemented by CIC Digital LLC, previously known for releasing Trump’s official NFT collections.
- Trump emphasized that cryptocurrencies will be one of the priorities of his policy after the inauguration.
TRUMP memecoin
On January 18, 2024, Donald Trump, elected as the 47th President of the United States, officially unveiled his memecoin, TRUMP. He shared posts on social media promoting the cryptocurrency, which was built on the Solana blockchain.
“My new official Trump memecoin has arrived! It’s time to celebrate everything we stand for: victory! Join my special Trump community” – wrote the elected President of the United States.
The TRUMP memecoin project is linked to CIC Digital LLC, the company previously known for releasing Donald Trump’s official NFT collections. According to DEX Screener, the fully diluted valuation of the token reached $17.4 billion in less than 24 hours, surpassing popular memecoins like Pepe Coin and Bonk.
The TRUMP coin, described as a meme with no investment purpose, launched with an initial supply of 200 million tokens. Over the next three years, the total supply is expected to increase to 1 billion. Up to 80% of the tokens will be allocated to developers and CIC Digital, while the remaining 20% will be used for public distribution and liquidity provision.
Donald Trump, previously skeptical about cryptocurrencies, shifted his stance during the 2024 presidential campaign, calling himself the “crypto president.” According to Bloomberg, after his inauguration, he plans to sign an executive order that will make digital assets a national priority.
The launch of the TRUMP memecoin coincided with the “Crypto Ball” held in Washington, organized by major industry representatives. Tickets for the event cost up to $2,500, and notable attendees included Snoop Dogg and Donald Trump Jr.
Despite the impressive success of TRUMP, the project has faced criticism. Analyst Matt Hougan described it as “a meme disguised as a serious product.” Meanwhile, Democrat Wiley Nickel stated that Trump’s involvement in cryptocurrency initiatives could complicate efforts to create a regulated industry.
