Introduction of $Trump Meme Coin

On January 18, 2025, at 10:00 AM Beijing time, Donald Trump announced the launch of his personal memecoin, TRUMP, through his Truth Social account. Users were directed to the website gettrumpmemes.com to acquire the token. Within 30 minutes of launch, TRUMP’s market cap reached $700 million, with the top holder owning 80% of the tokens, and the top five holders accounting for over 90%. After Trump tweeted about it, the token’s market cap surged to $2.8 billion, peaking at over $30 billion later that evening.

Tokenomics of $TRUMP

• Liquidity and Distribution:
  The memecoin’s creator added $40 million in unilateral liquidity and locked 80% of the supply in a multi-signature wallet. The creators, including CIC Digital LLC and Fighter Fight LLC, hold 80% of TRUMP tokens, subject to a three-year vesting schedule.
• Supply Plan:
  • Initial circulation: 200 million tokens.
  • Total supply: Expected to reach 1 billion over three years.

Launch and Early Trading Activity of $Trump Meme Coin

• Funding Sources:
  Initial liquidity traces back to funds from Gate and Binance. The main holder’s wallet was funded days before by these platforms.
• Network Impact:
  Due to high activity, Binance temporarily paused SOL withdrawals, affecting Solana and BNB Chain transactions.

Market Performance and Listings of $Trump Meme Coin

• Exchanges and Derivatives:
  Bybit, Gate, and Bitget listed TRUMP shortly after launch, followed by Binance offering a TRUMP/USDT perpetual contract with up to 25x leverage.
• Decentralized Market Participation:
  Market-making efforts by Wintermute and support from Jupiter and Meteora teams facilitated a smooth launch.

Ecosystem and Adoption of $Trump Meme Coin

• Moonshot App:
  The app processed nearly $400 million in TRUMP transactions within 12 hours, breaking fiat-onboarding records and adding 200,000 new users.
• Wallet Integration:
  Popular wallets like Phantom supported TRUMP, further driving its adoption.

Controversies and Criticism of $Trump Meme Coin

• Centralization Concerns:
  Critics, such as Alliance DAO founder Qiao Wang, argued that the allocation of 80% of the token supply to insiders undermines decentralization and fairness.
• Market Implications:
  Analyst Haotian viewed the launch as a groundbreaking event for decentralized exchanges (DEX), highlighting TRUMP’s success in onboarding new users and catalyzing the market.

Community Reactions of $Trump Meme Coin

• Political and Financial Implications:
  Trump Jr. and prominent figures like David Sacks framed the launch as a win for U.S. crypto innovation.
• Potential Long-Term Impact:
  Analysts suggest that while memecoins like TRUMP have simple appeal, their true value lies in their ability to attract new users and capital to the crypto market.

Conclusion

The launch of TRUMP memecoin marked a historic moment in crypto, blending politics and blockchain. While its centralized distribution sparked debate, the event underscored the growing role of memecoins in shaping the market landscape. Whether TRUMP remains a cultural phenomenon or a fleeting trend, its first day undeniably made waves in the crypto ecosystem.

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