Trump begins selling new crypto token $Trump, raising ethical concerns
This newest venture brings Trump and his family directly into the world of selling cryptocurrency
President-elect Donald Trump and his family on Jan 17 started selling a cryptocurrency token featuring an image of Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.
Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.
Trump announced the launch of his new business on Jan 17 night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan: “Join the Trump Community. This is History in the Making!”
Trump promotes new meme coin before taking office on pro-crypto agenda
President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.
“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.
In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity. That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon.
Trump launches his own $TRUMP meme coin, price soars overnight
President-elect Donald Trump launched his own cryptocurrency on Friday, sparking a feverish buying that apparently sent its market capitalization soaring to several billion dollars.
In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.
"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" he wrote.
Trump Became a Crypto Billionaire Overnight Thanks to ‘Trump Meme’ Coin
The president-elect has positioned himself to execute the ultimate presidential grift
President-elect Donald Trump‘s new cryptocurrency token has made him a billionaire many times over, but concerns remain over the ethics of the scheme in light of his presidency.
According to Axios, Trump’s crypto holdings reached $58 billion in worth on paper that when put together with his other assets could put him among the richest people in the world. Trump announced the launch of the token, which he is calling “$TRUMP,” on Friday by inviting his followers to “Join my very special Trump Community.” The cryptocurrency‘s slogan reads: “Join the Trump Community. This is History in the Making!”
Marketing materials for the coin depict Trump with a raised fist following the assassination attempt against him this past summer with “FIGHT FIGHT FIGHT” and Trump’s signature superimposed over the image.
Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap
The president-elect’s latest venture into crypto comes just days before his inauguration
A new meme coin launched by President-elect Donald Trump on Friday has a market capitalization of about $9 billion—after hitting a peak of over $15 billion early Sunday—marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.
Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration. Shortly after launching, the price of $TRUMP rapidly rose by more than 300% by Saturday morning, and it kept rallying Saturday night and early Sunday morning—before paring back some of its gains later Sunday.
The digital asset hovered at just over $46 as of 5:25 p.m. EST Sunday, with a market cap of $9.36 billion, according to CoinMarketCap. The asset—hosted on the Solana blockchain—briefly surpassed $75 early Sunday morning, bringing the total market cap of all tokens in circulation to a peak of $15 billion.
Donald Trump's $TRUMP coin dominates crypto scene with explosive $14.5 billion debut
On 17 January 2025, Donald Trump launched his $TRUMP meme coin, and within hours, it took the cryptocurrency world by storm.
The coin, built on the Solana network, saw an astonishing surge in value, with its market cap reaching a staggering $14.5 billion within just a couple of hours of its debut. Initially priced at $0.18, the coin's value shot up to $7.1 before stabilising at $21.51 by 6:21 PM IST, marking an incredible 231.61% increase, according to CoinMarketCap data.
Trump’s introduction of the $TRUMP token was made through his Truth Social platform, where he announced: "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" The announcement quickly gained traction, with Trump urging followers to grab tokens via the official website, gettrumpmemes.com, before the 48-hour claiming window closed.
Trump’s crypto memecoin surges in just two days to become one of world’s most valuable
The Trump memecoins are generating a storm of questions about the conflicts of interest the new venture creates
The Trump family’s new crypto token surged in just two days to become one of the most valuable forms of digital currency in the world, creating the potential for a multibillion-dollar payout to the family but also generating a storm of questions about the conflicts of interest the new venture creates.
US President-elect Donald Trump announced the launch of the new token, $Trump, on Jan 17 as hundreds gathered for a crypto-inspired inauguration ball not far from the White House.
The venture won praise by some as a sign of how digital currencies are now going mainstream in the United States. But economists and even some longtime crypto investors said the new digital coin, known as a memecoin, might also emerge as a landmark moment in the speculative history of crypto trading and the potential dangers it poses to the financial system. Memecoins are a type of cryptocurrency tied to an online joke or a celebrity mascot.
Trump meme coin doubles again, stake worth $58 billion or more
President-elect Trump launched his own cryptocurrency Friday night, and as of Sunday morning appeared to have made more than $50 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
It also speaks to the nature of the crypto industry that someone could have more than $50 billion worth of something that literally did not exist 48 hours previously. Combined with the value of his social media business and his real estate holdings, it nominally makes Trump one of the world's 25 wealthiest people.
It’s ‘Just Begun’—Trump Meme Coin Suddenly Crashes Back As Melania Coin Shock Hits Crypto
Crypto markets have been rocked by the launch of an "official" Donald Trump memecoin this weekend with traders braced for more mayhem this coming week.
The price of the "official" Trump memecoin has surged since its Friday evening launch, breaking into the crypto top 20 by market capitalization and hitting an eye-watering $14 billion.
Now, as leaks reveal Trump is readying a flurry of crypto-focused executive orders, Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's coin.
What the release of Trump's memecoin signals for crypto regulations
The Solana-based memecoin surged to a market cap of over $6 billion one day after launching but allegedly violates the US Constitution
President-elect Trump has launched a memecoin, aptly named Official Trump (TRUMP), on Jan. 17 — drawing both praise and criticism from attorneys, with some arguing that the token signals a positive regulatory shift in the United States and others warning of a Constitutional violation.
In a written statement, Consensys attorney Bill Hughes characterized the incoming Trump administration as a “sea change.” The attorney told Cointelegraph:
“Rather than have other countries dictate how this space transforms the internet, commerce, and investment, they want a regulatory structure that allows creation and experimentation here. They want growth and see crypto as one way the US can achieve it.”
Trump Begins Selling New Crypto Token, Raising Ethical Concerns
President-elect Donald J. Trump announced the launch of his new business on Friday, selling a cryptocurrency token featuring his image
President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.
Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Mr. Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.
Mr. Trump himself announced the launch of his new business on Friday night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan, “Join the Trump Community. This is History in the Making!” The venture was organized by CIC Digital LLC, an affiliate of the Trump Organization, which already has been selling an array of other kinds of merchandise like Trump-branded sneakers, fragrances and even digital trading cards.
$Trump
$Trump, also known as Official Trump (stylized in all uppercase), is a cryptocurrency meme coin associated with the 45th U.S. President and current president-elect, Donald Trump, hosted on the Solana blockchain.
The Trump meme coin was launched on January 17, 2025, two days before Trump was due to be inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. Several hours later, Trump announced TRUMP on his X and Truth Social accounts. The coin's logo is a cartoon image of Trump raising his fist after surviving the attempted assassination in July 2024. The meme coin website described it as the "only official Trump meme". A disclaimer said that the coin was "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency.
Within two days, the $Trump coin became the 19th most valuable form of cryptocurrency in the world, with a total trading value of nearly $13 billion, and a total of $29 billion worth of trades based on a $64 value of each of the 200 million tokens issued by the afternoon of January 19th. The New York Times reported that Trump affiliates controlled an additional 800 million tokens that, hypothetically, could be worth over $51 billion, potentially making Trump one of the richest people in the world. Trump also launched a new memecoin named after his wife, $Melania, and promoted it on TruthSocial shortly before attending an inauguration rally.
Inauguration of Trump as the 47th President 20 Jan 2025
20 January 2025 at the United States Capitol, Washington D.C.
The inauguration of Donald Trump as the 47th president of the United States is scheduled to take place on Monday, January 20, 2025, on the West Front of the United States Capitol in Washington, D.C. The event will be Trump's second inauguration to the presidency and the 60th U.S. presidential inauguration. It will mark the commencement of the second and final term of Donald Trump as president, the term of JD Vance as the 50th vice president, and the only second non-consecutive re-inauguration for a U.S. president after the second inauguration of Grover Cleveland in 1893
The preceding ceremony (for the inauguration of Joe Biden in 2021) was largely curtailed due to extraordinary political, public health, economic, and national security crises, including the COVID-19 pandemic and the January 6 Capitol attack. Trump, the president at the time, did not attend the 2021 inauguration.
In May 2024, both houses of Congress appointed a Joint Committee on Inaugural Ceremonies to oversee construction of the platform and other temporary structures that will be necessary for the ceremonies and celebrations. Construction of the inaugural platform began in September 2024.
