BREAKING: Here’s How Much Donald Trump Has Made So Far From His Memecoin TRUMP
The memecoin launched by the new US President Donald Trump has achieved incredible success so far.
Donald Trump appears to have achieved a most unusual feat when he launched a memecoin earlier today.
The Official Trump (TRUMP) memecoin, launched on the Solana blockchain, surpassed the $1 billion total supply threshold in just minutes and has a market cap of approximately $6 billion at the time of writing. The picture becomes even more extraordinary when the fully diluted market cap is examined. TRUMP’s fully diluted market cap is around $32 billion at the time of writing.
A better perspective can be gained when you consider that Donald Trump's personal fortune, amassed over his entire life, is approximately $6.5 billion.
On the other hand, how much token Donald Trump has sold after this token launch has also been the subject of speculation. According to Onchain data, Donald Trump's team has sold $500 million worth of tokens so far.
However, around 80% of the supply is in Trump's team's multisig wallet. It will be a real surprise how the altcoin, which is trading at around $32 at the time of writing, will perform in the coming days. This morning, the world's largest cryptocurrency exchange, Binance, listed Trump's TRUMP token on the futures market.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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A whale leveraged to buy TRUMP and SOL, making a profit of more than $41.6 million