Crypto President Trump and His $8 Billion Meme Coin

Author: shaofaye123, Foresight News

At 10 am on January 18, Trump's social account launched his personal Meme coin TRUMP. Due to the lack of official news, the community once speculated that the account was hijacked by hackers.

Then Moonshot launched TRUMP, and Trump's official Twitter account once again tweeted to promote the TRUMP token. The transaction volume exceeded $1 billion, and it was difficult to distinguish between true and false. Solitaire first made money.

Token Information Overview

The TRUMP token image is based on a photo taken on July 13, 2024, when Trump raised his hands and shouted the iconic battle cry "FIGHT" after being assassinated.

GetTrumpMemes.com stated that Trump Memes is intended to express support and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its related artworks, and is not intended to be the subject of an investment opportunity, investment contract, or any type of security. Currently, it has been launched on Moonshot, supporting traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and the on-chain transaction volume has exceeded US$10.

The total supply of TRUMP tokens is 1 billion, with 200 million in circulation, and the remaining 800 million will be gradually unlocked over the next 3 years. Trump Organization affiliates CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of TRUMP, subject to a 3-year unlocking plan. Fight Fight Fight LLC's owners CIC Digital LLC and Celebration Cards LLC will receive trading revenue generated by Trump Cards trading activities.

TRUMP once stood at 8 billion, and other related Meme tokens fell.

After the launch of the token, the market value rose rapidly after a brief correction, rising above 8 billion US dollars. Within 2 hours of going online, the trading volume exceeded 1.3 billion US dollars.

Some people became rich overnight, while others cut their positions in half. A lot of smart money made a lot of money in this transaction, and dozens of addresses made a total profit of more than 2 million US dollars on TRUMP. KOL 0xsun.sol spent 3,000 SOL ($653,000) to buy 999,895 TRUMPs, and sold 199,895 TRUMPs for a profit of nearly $4 million, and the floating profit of the address is still increasing.

But other tokens on the chain are bleak. Except for FIGHT, which rose by more than 40% and its market value once exceeded $30 million, the other related Memecoin tokens fell across the board, with TRUMP falling by 25% and MAGA by 32%.

How true or false?

Since the launch of TRUMP, there have been many voices arguing about the authenticity of the token. The token price also fluctuated greatly, with a fluctuation of more than 300% in 3 minutes. After its market value rose to $2 billion, it quickly fell back to around $70 million, and then rose to over $8 billion.

The market is constantly controversial, and some people FUD it as a hacker attack.Market analyst TylerD published an article on the X platform to analyze that "Trump Meme Coin TRUMP is likely to be a hacker attack as of now. Because the relevant domain name is registered in a random office building in Arizona, the domain name proxy address is hidden (usually used by scammers). When you look up the phone number, a large number of replies to cryptocurrency-related scam calls will pop up."

Spotonchain also tweeted that the data on the TRUMP chain shows that the token owner is 5e2qRc, funded by DKbF4. The address received SOL from Gate and Binance exchanges 2 days and 10 days ago respectively.The US exchange Coinbase has never been used.

Some people also recharge their faith in it. Software engineer cygaar pointed out that the deployment of the new Trump Memecoin website is almost exactly the same as the previous NFT website. The same cloudflare settings, the same Heroku deployment, the same SSL certificate issuer, and the HTML structure are also very similar to the previous ones. And the Trump Memecoin website was established after some effort. It uses Cloudflare to protect the website from DDoS attacks. The SSL certificate was issued on December 21, 2024. These are enough to show that the website has been in preparation for some time.

It is difficult to distinguish the true and false information, but the market value is rising. The King of Understanding is about to take office. Is the spring of cryptocurrency coming?