Key Takeaways
- Donald Trump publicly endorsed the $TRUMP token on Reality Social, resulting in preliminary worth and buying and selling quantity surges.
- The $TRUMP token skilled excessive volatility with its worth considerably dropping put up the launch of the $MELANIA token.
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President Donald Trump has voiced robust help for the Official Trump ($TRUMP) token. In a Sunday put up on Reality Social, he described the token as ‘so cool’ and hailed it as ‘the best of all of them.’
Trump’s endorsement triggered a ten% surge within the $TRUMP token’s worth. CoinGecko knowledge signifies it climbed from roughly $10.9 to $12.
The digital asset, launched forward of Trump’s inauguration, operates on the Solana blockchain with a complete provide of 1 billion tokens. The preliminary public launch comprised 200 million tokens, whereas CIC Digital LLC, a Trump Group affiliate, and Combat Combat Combat LLC maintain the remaining 800 million tokens.
The token’s worth surged from beneath $10 to $75 in its first days of buying and selling, reaching a market capitalization of over $15 billion. Buying and selling quantity hit $29 billion within the preliminary days after launch.
The reserved tokens are topic to a phased launch schedule spanning three years, starting with lock-up durations of three to 12 months, adopted by day by day unlocks over 24 months.
The token skilled vital volatility, dropping practically 50% to the $30-$40 vary following the launch of the $MELANIA token on January 19.
The undertaking markets itself as an “expression of help” for Trump quite than a conventional funding. Its brand incorporates a cartoon picture of Trump elevating his fist, referencing a July 2024 assassination try.
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