Trump Meme Coin: What Makes It the Next Big Thing?
Trump Meme Coin has taken the cryptocurrency world by storm. President-elect Donald Trump launched his own cryptocurrency $TRUMP on Jan 17, 2025, sparking a feverish buying spree that apparently sent its market capitalization soaring to several billion dollars. In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, designed to capitalize on the popularity of a certain personality, movement, or viral internet trend.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” he wrote.
Meme coins typically have no economic or transactional value and are often seen as a means of speculative trading. “This Trump Meme celebrates a leader who doesn’t back down, no matter the odds,” the coin’s official site proclaims.
In the hours following the overnight launch, the crypto community questioned the legitimacy of the $TRUMP coin and its actual link to the president-elect, with some fearing a scam. However, the announcements on Trump’s official social media channels reassured the market, as did the involvement of CIC Digital LLC, a company Trump has used in the past for selling non-fungible tokens (NFTs).
The coin started with a circulating supply of 1B coins and a $250 million market cap. By mid-morning on Sunday, the market capitalization for $TRUMP stood at nearly $75 billion, according to CoinMarketCap.com. If you had invested $1,000 at launch, you would have an estimated $300,000. The coin’s official site indicated that 200 million meme coins were initially issued, with an additional 800 million to be added over the next three years by the company managing the launch, Fight Fight Fight LLC. Research is ongoing to determine what percentage of the coin is owned by Trump, its market value, and the lock-in period. Trump’s exact share is unknown but on paper he appears to be among the world’s richest.
Formerly a cryptocurrency skeptic, the president-elect has now become a champion of the concept. Before this new announcement, Trump and his sons Donald Jr. and Eric started their own crypto venture, World Liberty Financial. Members of the incoming administration have also disclosed investments in and backing for cryptocurrencies. Last summer, Trump spoke at a Bitcoin conference in Nashville, where he pledged to make America “the crypto capital of the planet” once back in the White House.
The meme coin is Trump’s latest merchandise push, which recently included a line of perfumes, colognes, watches, and “President Donald J. Trump First Edition” silver coins selling for $100 each celebrating his election win. He famously used a photo of him sitting next to first lady Dr. Jill Biden at the reopening of Notre Dame Cathedral to promote the cologne line. Trump will be sworn in as President of the United States on January 20, 2025.
Table of Contents
What Is Trump Meme Coin?
Trump Meme Coin is a cryptocurrency built on the Solana blockchain, known for its high-speed transactions and low fees. The coin represents the slogan “Fight Fight Fight,” which became Donald Trump’s campaign theme following an assassination attempt. This slogan and its underlying message of resilience and determination resonate with supporters and investors alike. The coin combines humor, politics, and blockchain technology, ensuring scalability and efficiency. Trump Meme Coin has gained traction not only as a speculative trading asset but also as a representation of a viral internet trend that leverages community support and engagement.
Key Features of Trump Meme Coin
- Community-Driven: Backed by an active community of meme creators and crypto investors.
- Low Entry Barrier: Affordable for new investors looking to explore the crypto space.
- Deflationary Model: Tokenomics designed to increase scarcity over time, driving potential value.
Why Is Trump Meme Coin Gaining Popularity?
The popularity of Trump Meme Coin can be attributed to several factors:
- Pop Culture Appeal: Leveraging Donald Trump’s persona as a polarizing and influential figure.
- Social Media Buzz: Viral campaigns and memes that resonate with internet users.
- Potential for High Returns: Early adopters believe in its growth potential, similar to other meme coins like Dogecoin.
How to Buy Trump Meme Coin
You can purchase Trump Meme Coin on
Moonshot. Trump Meme Coins are available for purchase through brokers or exchanges, just like other cryptocurrencies. Follow these steps to acquire $TRUMP:
- Create and validate an account on a platform that supports $TRUMP. Ensure your account is verified for smooth transactions.
- Deposit funds into your account. This can typically be done through various payment methods supported by the platform.
- Complete your transaction to purchase $TRUMP tokens.
Moonshot Marketplace
Moonshot is a user-friendly meme marketplace that Trump suggests using. Payment options accepted by Moonshot include Venmo, Solana/USDC, Apple Pay, Google Pay, and debit/credit cards. In just a few minutes, consumers can get $TRUMP after providing their email address and completing the payment process. Moonshot ensures a seamless experience for acquiring Trump Meme Coins.
Coinbase Woes
- Many users were required to validate their IDs on Coinbase, but the verification process frequently failed, leaving them unable to access accounts or funds.
- On Saturday, attempts to transfer USDC to Moonshot returned errors like “This recipient is not supported for the selected asset,” while smaller amounts processed successfully to the same address.
- Several users reported delays exceeding two hours or outright failures when trying to transfer USDC out of Coinbase, sparking frustration and discussions of potential lawsuits.
Despite these setbacks, Moonshot has emerged as a viable alternative for acquiring Trump Meme Coin, offering a seamless purchasing experience and multiple payment options.
As with any cryptocurrency, investing in Trump Meme Coin comes with risks:
- Market Volatility: Meme coins are notoriously volatile, with values fluctuating rapidly.
- Lack of Regulation: Being a new coin, it may not be subject to strict oversight.
- Speculative Nature: The coin’s value heavily relies on community support and social media trends.
Leave a Reply