Trump Memecoin Sparks Trading Frenzy and Millionaire Gains
- The $TRUMP memecoin was issued from Donald Trump’s verified X and Truth Social accounts.
- A trader gained $29.8 million from an initial $1.09 million investment in under two hours.
- The token reached a trading volume of $3 billion within hours, with a market capitalization of $2 billion.
- Early buyers achieved over $70 million in paper gains, with smaller traders earning up to $1 million.
- Uncertainty remains about the token’s legitimacy, as it could not be independently verified.
The launch of the $TRUMP memecoin led to significant trading activity, generating billions in volume and substantial gains for early investors. However, questions about its authenticity persist as verification is pending.
Source (2.6)https://www.coindesk.com/markets/2025/01/18/donald-trump-official-memecoin-makes-millionaires-raffles-3-b-volumes-in-hours?rand=52298
