The post How to Buy Donald Trump’s $TRUMP Memecoin? appeared first on Coinpedia Fintech News As President-elect Donald Trump prepares for his return to the White House, his social media accounts have made waves with an unexpected announcement—a new cryptocurrency called “$TRUMP.” The unusual posts raised suspicions among social media users, with some wondering if the accounts had been hacked.m Here’s the story behind the coin. Introducing the $TRUMP Meme Coin Trump’s official X (formerly Twitter) and Truth Social accounts shared news of a Solana-based memecoin, $TRUMP. “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 NOW,” the post read, linking to a website. Within hours, $TRUMP’s market cap surged to nearly $7.5 trillion. Trading volume approached $1 billion, and the coin’s value soared more than 300%, jumping from $0.18 to $7.1. https://twitter.com/realDonaldTrump/status/1880446012168249386 The coin launched with 200 million tokens out of a total supply of 1 billion, which will be gradually released over the next three years. How to Buy $TRUMP To buy $TRUMP, users need to use a Solana-based exchange like Jupiter and a non-custodial wallet, such as Phantom. The coin’s contract address is available on CoinMarketCap and SolScan. It’s essential to verify the address, as fake versions of the coin are already circulating. Purchases can be made in SOL or other SOL-compatible tokens. When buying $TRUMP, users also gain access to the Trump Meme Community, which promotes success and optimism. Is $TRUMP Legit? Experts Weigh In Blockchain engineer Cygaar suggests that the new meme coin is likely created by the same team behind Trump’s previous NFT project, as the websites share several technical similarities. Additionally, Slorg, a member of Jupiter’s Core Working Group, confirmed that $TRUMP has been verified and listed on the Jupiter Exchange. The Story Behind $TRUMP According to The Trump Meme website, the coin’s assets are minted through the Solana blockchain. The website features a meme of President Trump with his fist raised and signature, marking the coin as a “piece of history.” The description highlights that on July 13, 2024, President Trump “faced death and came up fighting,” adding a personal touch to the meme. The website also states that the coin is apolitical and not associated with any political campaign or office. Despite this, Trump and his family have been promoting a wide range of products during the 2024 campaign and as his inauguration approaches. These include a version of the holy book, a Les Paul-style guitar from “Trump Guitars,” gold Trump sneakers, assassination attempt cologne, and $100,000 watches. Trump’s Growing Crypto Presence In September, Trump announced that he and his family are launching a crypto business called World Liberty Financial. While $TRUMP has generated attention, its long-term value and potential remain uncertain. Is $TRUMP here to stay? We’ll have to wait and see.
