Image credit: Grok/X

Crypto traders are cashing in big following the launch of Official Trump (TRUMP), a Solana-based memecoin introduced by US President-elect Donald Trump.

Announced on, just days before his inauguration as the 47th president of the United States, the token skyrocketed to a market capitalization of nearly $9 billion within hours, surpassing popular memecoins like Pepe and Bonk.

Trump personally announced the launch on Truth Social and X, declaring:

“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.”

Despite initial speculation of a possible hack, the memecoin appears to be a legitimate venture tied to Trump’s NFT projects.

Traders Reap Massive Profits

High-profile trades have underscored TRUMP’s meteoric rise. Blockchain analytics firm Lookonchain reported that several traders turned significant profits within hours of the launch:

• A trader with the wallet alias “LeBron” invested $1 million in USD Coin (USDC) to buy 4.52 million TRUMP tokens, doubling their investment to over $2 million minutes after launch.
• Another trader transformed a $1.1 million investment into $70 million in under four hours, selling 1.35 million TRUMP tokens for 3.65 million USDC while retaining 4.62 million tokens valued at $67.5 million.
• Pseudonymous trader 0xsun purchased nearly 1 million TRUMP tokens with 3,000 Solana (worth $653,000) and later sold part of their holdings for $812,000, netting over $3.7 million in profit.
• Crypto whales joined the frenzy, including one investor who withdrew 61,205 SOL (worth over $14.3 million) from OKX to buy 1.27 million TRUMP tokens. Another spent 8.5 million USDC to acquire 1.03 million tokens at an average price of $8.28.

TRUMP was trading at nearly $19 on January 20, 2025, with a market cap of $4.28 billion—an astonishing 10,222% increase since its launch. The token recorded $1.71 billion in trading volume across 227,625 transactions, according to Dexscreener.

Tokenomics and Distribution

TRUMP has a total supply of 1 billion tokens, set to be released over three years. At launch, 200 million tokens—20% of the total—were unlocked, with the remaining 800 million to be distributed gradually over 36 months.

Tied to Trump’s NFT ventures, CIC Digital is slated to receive 80% of the total token supply in six allocations, which will unlock linearly over 24 months after an initial lock-up period of three to 12 months. The remaining tokens include 10% for liquidity and 10% for public distribution, fully unlocked at launch.

Impact on Solana Ecosystem

The launch of TRUMP significantly boosted activity on Solana’s decentralized exchanges (DEXs), setting a record $12.9 billion in 24-hour trading volume, according to CoinGecko.

Among the top DEXs trading TRUMP, Meteora led with over $4 billion in daily volume, followed by Orca and Raydium. Centralized exchanges, including Bybit, HTX, Gate, and Bitget, have also listed the token, expanding its reach beyond the Solana ecosystem.

As TRUMP continues to attract investor attention, it underscores the growing influence of political branding in the cryptocurrency space. Whether this project sustains its momentum or succumbs to market volatility remains to be seen, but its launch has already left a significant mark on the crypto landscape.