Summary
- The meme coin 'Official Trump' reportedly reached the 32nd position in market capitalization just one day after its launch.
- The TRUMP coin is noted to have risen approximately 13,266% compared to its initial price.
- TRUMP is reportedly based on Solana and plans to issue a total of 1 billion coins over three years.
The meme coin 'Official Trump (TRUMP)', launched by Donald Trump, the President-elect of the United States, has reached the 32nd position in cryptocurrency market capitalization.
According to CoinMarketCap on the 18th, the meme coin TRUMP surpassed a market capitalization of $4.66 billion (approximately 6.8012 trillion KRW) just one day after its launch, ranking 32nd in market cap.
According to Dex Screener, as of 7:39 PM, TRUMP is trading at $24.38. This is an increase of approximately 13,266% compared to its initial price of $0.1824.
Previously, on the 17th (local time), Trump announced the issuance of the official meme coin 'TRUMP' through his social media 'Truth Social'. According to the information introduced on the homepage, TRUMP is built on Solana (SOL). The initial issuance volume is 200 million, with a total of 1 billion TRUMP to be issued over three years.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "Bitcoin sees slowdown in long-term holders’ selling"](https://media.bloomingbit.io/PROD/news/e3bf64fe-a672-4332-b56c-aed5685fa60e.webp?w=250)
![Bitcoin ‘shaken’ by Middle East-driven energy shock…compounded by delayed rate cuts [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/cd955517-e4fb-4a0f-a816-a084daee456a.webp?w=250)
