Crypto Traders Bag Millions Amid Trump Solana Memecoin Hype

Crypto traders have struck gold with the launch of Official Trump (TRUMP), a Solana-based memecoin unveiled by U.S. President-elect Donald Trump. Within hours of its debut, this memecoin catapulted to extraordinary heights, earning millions for traders and breaking records in the crypto market.

TRUMP’s Explosive Launch

The TRUMP memecoin was officially announced on January 17, just days before Trump’s inauguration as the 47th president of the United States. In a matter of hours, TRUMP achieved a staggering market capitalization of nearly $9 billion, eclipsing popular memecoins such as Pepe and Bonk.

“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,” Trump posted on Truth Social and X, amplifying the hype around the token.

While skepticism about the announcement’s legitimacy surfaced within the crypto community, sources close to the Trump family confirmed to Cointelegraph that the project is genuine and closely tied to Trump’s existing non-fungible token (NFT) ventures.

The launch triggered a frenzy of high-stakes trading, with traders capitalizing on the token’s meteoric rise.

Blockchain analytics firm Lookonchain highlighted notable transactions, including one from a wallet named “LeBron,” which turned a $1 million investment in USD Coin (USDC) into over $2 million by purchasing 4.52 million TRUMP tokens just minutes after launch.

Another remarkable trade involved an investor who transformed $1.1 million into a jaw-dropping $70 million in less than four hours. This trader sold 1.35 million TRUMP tokens for 3.65 million USDC, while retaining 4.62 million tokens valued at $67.5 million.

Similarly, a pseudonymous trader known as 0xsun purchased nearly 1 million TRUMP tokens using 3,000 Solana (SOL), worth approximately $653,000. By selling part of their holdings for $812,000, they secured a profit exceeding $3.7 million.

Whale Activity Surges

The excitement also drew attention from large investors, or “whales.” One whale withdrew 61,205 SOL—worth more than $14.3 million—from crypto exchange OKX to purchase 1.27 million TRUMP tokens. Another whale spent 8.5 million USDC to acquire 1.03 million tokens at an average price of $8.28.

At the time of writing, TRUMP was trading at $18.82, with a market cap of $4.28 billion. This represents a staggering 10,222% increase since its launch, supported by $1.71 billion in trading volume across 227,625 transactions, according to Dexscreener.

Tokenomics and Distribution

The project outlines a total supply of 1 billion TRUMP tokens, to be released gradually over three years. At launch, 200 million tokens—20% of the total supply—were unlocked, while the remaining 800 million will be distributed linearly over 36 months.

Of the total supply, 80% is allocated to CIC Digital, Trump’s NFT venture, which will receive tokens in six installments after an initial lock-up period of three to 12 months. The remaining supply includes 10% for liquidity and 10% for public distribution, both fully unlocked at launch.

The TRUMP memecoin launch also significantly impacted Solana’s decentralized exchange (DEX) ecosystem, driving trading volumes to a record $12.9 billion within 24 hours, as reported by CoinGecko.

Among the leading DEXs trading TRUMP, Meteora accounted for over $4 billion in 24-hour trading volume, followed by Orca and Raydium. Centralized exchanges such as Bybit, HTX, Gate, and Bitget also listed the token, further boosting its visibility and trading activity.

The launch of the Official Trump (TRUMP) memecoin has captivated the crypto world, generating unprecedented profits for traders and reshaping the Solana ecosystem. With strong ties to Trump’s NFT ventures and meticulous tokenomics, TRUMP has established itself as a groundbreaking project in the world of memecoins.

The post Crypto Traders Bag Millions Amid Trump Solana Memecoin Hype first appeared on CryptoNewsFarm.