Former 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 information from the token’s official website, the TRUMP token is issued on the Solana blockchain, with an initial circulating supply of 200 million coins and a total supply of 1 billion coins, which will be released according to a schedule over the next three years.
The website states that this Trump meme is intended 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 had an approximate price of $0.18 at the time of its public release, while before this article was published, the trading price was around $3, with a market capitalization reaching $3 billion.
Note: Only one hour has passed since the announcement was made on Trump’s Truth Social account, and the possibility of the account being hacked cannot be ruled out. Although Trump’s X account also announced the news of the official TRUMP token, it is advisable to pay close attention to the latest information.
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