Did Trump Just Launch a $TRUMP Meme Coin on Solana?
President-elect Donald Trump has made headlines once again, this time with the sudden launch of his official meme coin, $TRUMP, on the Solana blockchain. The token's debut was nothing short of explosive, reaching an $8 billion market cap within three hours and sending shockwaves through the crypto community. The coin’s rapid rise in value—over 300% in the first three minutes—sparked widespread speculation about its authenticity and the implications of its launch.
The announcement first appeared on Truth Social, directing users to the project’s website, GetTrumpMemes, where the tokens were made available for purchase. Shortly afterward, a similar post emerged on X (formerly Twitter), labeling $TRUMP as the official meme coin of the former president. However, the timing of the launch and concerns over recent social media account hacks raised questions about the legitimacy of these claims.
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Blockchain engineer Cygaar pointed out striking similarities between the technical setup of this project and Trump’s prior NFT venture, suggesting the same team may be behind both. Features like the Heroku deployment, Cloudflare setup, and SSL certificate issuer were nearly identical. Some experts have called the initiative a potential cyber heist, while others believe it to be a calculated move in Trump’s ongoing engagement with blockchain technology.
Despite skepticism, the $TRUMP coin has gained traction. Slorg, a member of Jupiter Exchange’s core team, confirmed its listing and verification on their platform. With a total supply of 1 billion tokens and only 200 million released at launch, the coin’s scarcity has likely contributed to its soaring demand. Notably, 80% of the tokens are locked under a three-year release schedule, suggesting long-term strategic planning by its creators.
Whether this is a genuine project endorsed by Trump or a sophisticated scam remains uncertain. For now, $TRUMP continues to dominate headlines, leaving investors and analysts divided on what could become one of the most talked-about crypto launches of the year.
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