{"id":20445,"date":"2025-01-19T15:33:47","date_gmt":"2025-01-19T13:33:47","guid":{"rendered":"https:\/\/forklog.com\/en\/what-to-know-about-donald-trumps-memecoin-surge-supply-and-industry-impact\/"},"modified":"2025-01-19T15:33:47","modified_gmt":"2025-01-19T13:33:47","slug":"what-to-know-about-donald-trumps-memecoin-surge-supply-and-industry-impact","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/what-to-know-about-donald-trumps-memecoin-surge-supply-and-industry-impact\/","title":{"rendered":"What to know about Donald Trump\u2019s memecoin: surge, supply and industry impact"},"content":{"rendered":"<p>On January 18, US president-elect Donald Trump announced the launch of an \u201cofficial\u201d TRUMP memecoin on the Solana blockchain. Within 24 hours, the token jumped 220%, with FDV at $62 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/dexscreener.com_TRUMP_USDC_2025-01-19_15-24-18.webp\" alt=\"dexscreener.com_TRUMP_USDC_2025-01-19_15-24-18\" class=\"wp-image-249823\"\/><figcaption class=\"wp-element-caption\">15-minute TRUMP\/USDC chart on Meteora. Source: <a href=\"https:\/\/dexscreener.com\/solana\/a8nphpcjqtqhdquk35uj9hy2ysgxfkczgunwvkd3k7vc\">DEX Screener<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the token trades at $68.8 with a market capitalisation of $13.6 billion. TRUMP has already climbed to 16th among the largest cryptocurrencies, ahead of TON and SHIB.<\/p>\n<p>Daily trading volume has neared $2 billion.<\/p>\n<p>The frenzy around TRUMP comes amid a relatively stagnant broader crypto market. A surge in Solana activity has pushed SOL to fresh record highs\u2014now trading around $286.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.09.08.webp\" alt=\"Snimok-ekrana-2025-01-19-v-14.09.08\" class=\"wp-image-249824\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Centralised exchanges including Binance, Bybit, HTX, Gate and Bitget have listed the token.<\/p>\n<p>Solana-based DEXs are also posting records. Network-wide daily DEX volume has held around $21 billion for the second day in a row.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.56.02-1024x539.png\" alt=\"Snimok-ekrana-2025-01-19-v-14.56.02\" class=\"wp-image-249825\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.56.02-1024x539.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.56.02-300x158.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.56.02-768x404.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-19-v-14.56.02.png 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: DeFi Llama.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>TRUMP tokenomics<\/strong><\/h2>\n<p>The initial circulating supply at launch was 200 million TRUMP out of 1 billion total. According to the project\u2019s <a href=\"https:\/\/gettrumpmemes.com\/\">website<\/a>, tokens are slated to unlock gradually over three years.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"631\" height=\"1024\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/36-months-631x1024.webp\" alt=\"36-months\" class=\"wp-image-249827\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/36-months-631x1024.webp 631w, https:\/\/u1f987.com\/wp-content\/uploads\/36-months-185x300.webp 185w, https:\/\/u1f987.com\/wp-content\/uploads\/36-months-768x1246.webp 768w, https:\/\/u1f987.com\/wp-content\/uploads\/36-months-947x1536.webp 947w, https:\/\/u1f987.com\/wp-content\/uploads\/36-months-1262x2048.webp 1262w, https:\/\/u1f987.com\/wp-content\/uploads\/36-months.webp 1500w\" sizes=\"auto, (max-width: 631px) 100vw, 631px\" \/><figcaption class=\"wp-element-caption\">TRUMP token allocation and emission schedule. Source: GetTrumpMemes.<\/figcaption><\/figure>\n<p>A total of 100 million TRUMP is earmarked for public distribution, with another 100 million for liquidity.<\/p>\n<p>The remaining 800 million TRUMP are allocated to the \u201ccreators\u201d and CIC Digital, which is linked to Trump\u2019s NFT project. The first unlock is planned in three months.<\/p>\n<p>Crypto investor and The Wolf Of All Streets host Scott Melker said Trump\u2019s memecoin is a \u201csignificant advantage\u201d for crypto but \u201cbad for humanity.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a><\/p>\n<p>First take. My opinion could change. <\/p>\n<p>Good for crypto, bad for humanity. <\/p>\n<p>It\u2019s a gratuitous cash grab, not sure how anyone can argue against that. The future and past President of the United States launched a token at 10 pm on a Friday night and insiders sniped the\u2026<\/p>\n<p>\u2014 The Wolf Of All Streets (@scottmelker) <a href=\"https:\/\/twitter.com\/scottmelker\/status\/1880597173647155591?ref_src=twsrc%5Etfw\">January 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt\u2019s a gratuitous cash grab, I don\u2019t know how anyone can argue with that. The future and past President of the United States launched a token [\u2026], and insiders scooped up the supply. The remaining 80% also belong to them. They are making billions. [\u2026] Donald Trump is likely bringing millions of new people into this space. Let\u2019s just hope it doesn\u2019t crash,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>Following the launch of TRUMP, more than 200,000 new users registered on Moonshot, the platform through which Trump suggested buying the token.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today marks 6 months since launch.\u00a0<\/p>\n<p>In the last 12 hours, we were featured on $TRUMP\u2019s website as THE way to buy, processed nearly $400m in volume, crushed fiat onramp records by orders of magnitude, and brought 200k+ new people onchain.<\/p>\n<p>We have an extremely high load right now\u2026<\/p>\n<p>\u2014 Moonshot (@moonshot) <a href=\"https:\/\/twitter.com\/moonshot\/status\/1880659326395666759?ref_src=twsrc%5Etfw\">January 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\"><strong>Concerns and hopes<\/strong><\/h2>\n<p>Arkham Intelligence suggested that if CIC Digital and Fight Fight Fight, which jointly hold 80% of the TRUMP supply, effectively belong to the president-elect, his net worth has multiplied several times over.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TRUMP&#8217;S NET WORTH QUINTUPLES OVERNIGHT TO $28 BILLION<\/p>\n<p>Donald Trump&#8217;s net worth is up $22 billion overnight, assuming CIC Digital LLC and Fight Fight Fight LLC, which collectively own 80% of the <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> supply, effectively belong to him.<\/p>\n<p>At the current price of ~$28, that stake\u2026 <a href=\"https:\/\/t.co\/N7hH9QUSt9\">pic.twitter.com\/N7hH9QUSt9<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1880669271342121354?ref_src=twsrc%5Etfw\">January 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At a token price of $70, Trump\u2019s fortune could be roughly estimated at $56 billion. Forbes put the president-elect\u2019s net worth at about $5.6 billion in November 2024\u2014an increase of more than tenfold.<\/p>\n<p>In response to community criticism and concerns, crypto enthusiast Eric Scott argued that having 80% of the supply in the politician\u2019s hands makes TRUMP one of the \u201csafest coins\u201d to hold.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Are Americans really OK with this? <a href=\"https:\/\/twitter.com\/search?q=%24Trump&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Trump<\/a> Coin means that foreign governments can essentially make themselves anonymous and then buy the coin in order to provide Trump with trading fees, and increase the value of his holdings in order to curry favors.<\/p>\n<p>There will be no way to\u2026<\/p>\n<p>\u2014 Ed Krassenstein (@EdKrassen) <a href=\"https:\/\/twitter.com\/EdKrassen\/status\/1880610211750142360?ref_src=twsrc%5Etfw\">January 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>TradeZella founder Umar Ashraf <a href=\"https:\/\/x.com\/UmarAshraf\/status\/1880686650730381777\">believes<\/a> that, given his position, Trump should not have his own memecoin or attempt to promote such an asset.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is the wrong direction for cryptocurrency,\u201d he added.<\/p>\n<\/blockquote>\n<p>Moonwell Finance co-founder Luke Youngblood also <a href=\"https:\/\/x.com\/LukeYoungblood\/status\/1880654072212336685\">said,<\/a> the situation presents a \u201cbad long-term outlook\u201d for the crypto industry.<\/p>\n<p>Bloomberg has reported that Trump <a href=\"https:\/\/u1f987.com\/en\/news\/trump-to-designate-cryptocurrency-a-national-priority-reports-say\">plans<\/a> to make cryptocurrency a national priority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 18, US president-elect Donald Trump announced the launch of an \u201cofficial\u201d TRUMP memecoin on the Solana blockchain. Within 24 hours, the token jumped 220%, with FDV at $62 billion. 15-minute TRUMP\/USDC chart on Meteora. Source: DEX Screener. At the time of writing, the token trades at $68.8 with a market capitalisation of $13.6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1161,1150],"class_list":["post-20445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-memes","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20445"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20444"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}