Crypto President Trump and His $8 Billion Meme Coin

At 10 a.m. 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 promoted the TRUMP token. With a turnover of over $1 billion, it is difficult to tell whether it is real or fake.

Token Information Overview

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

The GetTrumpMemes.com website states that Trump Memes is intended to express support and participation in the ideals and beliefs embodied by 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 and supports traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and the on-chain transaction volume has exceeded $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 three years. Trump Group affiliates CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of TRUMP, subject to a three-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 reached 8 billion, and other related Meme tokens fell

After the launch of the token, its market value soared 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 lost half of their positions. Many smart money made a lot of money from this transaction, and dozens of addresses made a total profit of more than $2 million on TRUMP. KOL 0xsun.sol spent 3,000 SOL (653,000 US dollars) to buy 999,895 TRUMPs, and made a profit of nearly $4 million after selling 199,895 TRUMPs. The floating profit of the address is still increasing.

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

What is true and what is false?

Since the launch of TRUMP, there have been many voices disputing the authenticity of the token. The token price has 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.

There are constant disputes in the market, and some people FUD that it is a hacker attack. Market analyst TylerD published an analysis on the X platform, "Trump Meme Coin TRUMP is likely to be a hacker attack based on the current situation. 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 lot of replies about cryptocurrency-related scam calls will pop up."

Spotonchain also tweeted that the data on the TRUMP chain showed that the owner of the token was 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 a lot of effort. It uses Cloudflare to protect the website from DDoS attacks, and the SSL certificate was issued on December 21, 2024. These are enough to show that the website has been prepared for some time.

It is difficult to tell whether the information is true or false, but the market value is rising. With Trump taking office soon, is the spring of cryptocurrency coming?