Former U.S. President Donald Trump announced the launch of the official meme coin TRUMP on his social media platform Truth Social earlier today (18th), stating: “It’s time to celebrate everything we represent: victory! Join me in this special Trump community.”
Source: Truth Social
According to the token’s official website, the TRUMP token is issued on the Solana blockchain, with an initial circulating supply of 200 million tokens and a total supply of 1 billion tokens, which will be released according to a schedule over the next three years.
The website states that this Trump meme aims to express support and participation in the ideals and beliefs embodied by “$TRUMP” and related artworks, rather than representing an investment opportunity, investment contract, or any type of security.
According to GMGN data, the official Trump meme coin $TRUMP was priced at approximately $0.18 at the time of its public release, and as of the time of this report, the trading price is around $3, with a market capitalization reaching $3 billion.
Note: Only one hour has passed since Trump’s Truth Social account released this news, and the possibility of the account being hacked cannot be ruled out at this time. Although Trump’s X account also announced the official TRUMP token news, it is still necessary to pay close attention to the latest information.