{"id":619250,"date":"2025-01-18T12:35:05","date_gmt":"2025-01-18T12:35:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619250"},"modified":"2025-01-18T12:35:05","modified_gmt":"2025-01-18T12:35:05","slug":"new-trump-meme-coin-explodes-to-21-billion-market-cap-ahead-of-inauguration-day-but-is-it-legit","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-trump-meme-coin-explodes-to-21-billion-market-cap-ahead-of-inauguration-day-but-is-it-legit","title":{"rendered":"New $TRUMP Meme Coin Explodes To $21 Billion Market Cap Ahead Of Inauguration Day, But Is It Legit?"},"content":{"rendered":"

A new meme coin called Official Trump ($TRUMP) skyrocketed to an eye-popping $21 billion fully diluted market cap within hours of its debut at 2am UTC on Solana today.<\/p>\r\n

But with 80% of its supply locked, the crypto community is at odds over whether it’s a legitimate project or sophisticated scam.<\/p>\r\n\r\n\r\n\r\n

At press time the token is up 2,386% at $18.086 with trading volume of $564 million. The TRUMP\/SOL trading pair has $7.6 million in liquidity.<\/p>\r\n\r\n\r\n\r\n

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Degens have aped into the new coin, but are no doubt poised to bail if the token proves to be a fake. <\/p>\r\n\r\n\r\n\r\n

If momentum continues to build around the token as Americans wake from their slumbers, the new $TRUMP coin’s price could very easily hit $100 or more in the run-up to the presidential inauguration on Monday. <\/p>\r\n\r\n\r\n\r\n

In market capitalization terms, $TRUMP could quickly soar to a fully diluted $100 billion valuation.<\/p>\r\n\r\n\r\n\r\n

A flurry of crypto-friendly executive orders are expected from the White House as soon as next week.<\/p>\r\n\r\n\r\n\r\n

Social posts on official Donald Trump accounts have seemed to confirm the legitimacy of the token, first on his Truth Social account and then on his X\/Twitter official account<\/a>. <\/p>\r\n

<\/p>

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP<\/a> NOW. Go to https:\/\/t.co\/GX3ZxT5xyq<\/a> — Have Fun! pic.twitter.com\/flIKYyfBrC<\/a><\/p>— Donald J. Trump (@realDonaldTrump) January 18, 2025<\/a><\/blockquote>