news 
Trump Launches Meme Token ‘TRUMP’ Amid Market Frenzy, $1.2B Cap in 30 Minutes
In a surprise move, former President Donald Trump has launched his first Solana-based meme coin, dubbed TRUMP, amid market frenzy and chaos on January 17th. The unprecedented move sent shockwaves through the cryptocurrency space, with the token debuting at an initial supply of 200 million tokens, with plans to increase it to a staggering 1 billion over the next three years.
The official launch announcement was made on Trump’s social media accounts, including Truth Social and X, in a post that read: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.” The sudden move sparked unprecedented market activity, with TRUMP’s price skyrocketing from an initial $0.18 to a staggering $3.70 within the first 30 minutes of its release.
As the market continues to reel from the shock, the token has reached a mind-boggling valuation of over $1.2 billion in mere minutes, sending ripples through the crypto community and beyond. The unprecedented move raises more questions than answers, as the implications of Trump’s involvement in the cryptocurrency space begin to unravel.
The timing of this announcement is particularly significant, given reports that one of his first presidential actions will be signing an executive order prioritizing cryptocurrency as a national focus. This directive includes requiring all government agencies to review and align their policies on digital assets, implementing a temporary pause on legal disputes involving major cryptocurrency firms like Binance and Ripple Labs, and establishing a national Bitcoin reserve to consolidate the U.S. government’s existing 200,000 BTC holdings.
While some have raised questions about the lack of official confirmations from Trump’s advisors beyond social media posts, others have hailed the move as a game-changer in the cryptocurrency space. As the dust settles on this unprecedented event, one thing is certain: TRUMP has sent shockwaves through the market, and its implications will be felt for years to come.
In related news, institutional capital insights predict that Bitcoin could reach $249K in 2025.
Source: www.crypto-news-flash.com
