A couple of days before his inauguration, US President-elect Donald Trump launched his own token -TRUMP meme on the net Solana He reported this last night on his account on the social network Truth Social.
My new official TRUMP Memecoin is HERE! It's time to celebrate everything we stand for: VICTORY! Join my special Trump community. GET YOUR $TRUMP NOW, the president-elect wrote.
Almost an hour later, he repeated the message on another social network, inviting his followers to trade his meme token. Interestingly, the GetTrumpMemes community promised a reward to the first 2500 investors in TRUMP.
Donald Trump's signature memecoin is skyrocketing. Just hours after its launch, TRUMP's market cap hit $10 billion. It's now over $22 billion.
Crypto analysts have mixed reactions to the launch of the new TRUMP memecoin. Some believe that Trump should not profit from his own tokens during his presidency. Others praise him for his creativity and commitment to the crypto industry.
Traders have not missed the opportunity to profit from the new memecoin. According to Lookonchain, one market participant made over $20 million in profit just a couple of hours after TRUMP was launched.
