Trump Just Pumped $TRUMP to $73.5 Billion

On Friday we asked, how much crypto does Trump really hold? Then, over the weekend we learned the whole Trump family minted themselves a few billion dollars in crypto, quite literally, overnight.

Author

Adam Atlantic
January 20, 2025 • Estimated Reading Time: 5 minutes

Well, that escalated quickly!

On Friday we asked, How much crypto does Trump really hold?[1] 

We looked at the holdings of World Liberty Financial, the crypto defi project the Trump family are heavily involved in. And rumours flying around that Trump holds a ‘significant’ stash of Bitcoin.

Then, over the weekend we learned the whole Trump family are crypto memecoin degens.

And they just minted themselves a few billion dollars in crypto, quite literally, overnight.

All thanks to the President launching the ‘Official Trump’ memecoin ($TRUMP)[2] on the Solana network.

Based on their assumed holdings, this means the Trumps have minted around $58.8 billion in $TRUMP memecoins.

What the heck is going on?

$TRUMP From $0 to $73 Billion in 48 Hours

The Trump family has launched the Official Trump $TRUMP memecoin on Solana. ‘Fight, Fight, Fight’ is the slogan.

Upon discovering this news on Sunday, we were somewhat taken by surprise. Enough years in this market, and the first (and rightly so) reaction to this was, ‘have Trump’s social media accounts been hacked?’

For the incoming President to launch a memecoin on Solana just two days out from his inauguration is wild.

Then Eric Trump confirmed[3], this was indeed a Trump family play.

What’s even crazier about this, is according to the Gettrumpmemes.com website (the official website of the Official Trump memecoin), there’s a 10% allocation of $TRUMP to the public, 10% for liquidity and… get this… 80% reserved for creators and CIC Digital LLC, a Trump Organization affiliated company.

To clear that up, the Trumps are keeping 80% for themselves and ‘creators’.

No wonder that in the 24-or-so hours since it launched, $TRUMP has become worth (when you factor in total supply of 1 billion tokens) $73.5 billion (and climbing).

Adding to the pump in price, are major crypto exchanges like Binance, Coinbase and Kraken, who all decided to quickly list $TRUMP on their exchanges.

In fact, Kraken even took it upon themselves to post this upon listing the $TRUMP token:

Yes, the same Kraken whose founder donated $845,000 in Ethereum to Trump’s campaign, and donated $1 million to Trump’s inauguration fund.

What Next? Can $TRUMP Chase Down Doge… Chase Down BITCOIN?

After learning that,

a) This was not a scam, but an official Trump product

b) Major exchanges were all on board

The next thing to wonder is, how high can $TRUMP go in price?

Who knows? Not us.

We thought this was a hack. Then a prank. And still can’t even begin to fathom an incoming President doing this. Then again, over the years Trump has sold board games, sneakers, perfumes, and NFTs. So launching a memecoin, in hindsight, maybe not that unexpected…

Either way, if you’re looking at $TRUMP, remember this…

There are 1 billion $TRUMP tokens. Around 80% are held by ‘creators’ and Trump affiliated companies (read: the Trump family). The terms of the site itself reads,[4]

‘Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol "$TRUMP" and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.’

This is a scary sign we usually get at the TOP of the market. But…now this is coming from the incoming US President, and the head of the anti-crypto SEC just left, and there’s a new ‘Crypto Tzar’ stepping into power (more on that tomorrow).

Yes, this is the most insane thing we’ve ever seen in crypto. But it’s also the most bullish we’ve ever seen too.

Trust in crypto,
Adam Atlantic