Donald Trump Launches Official TRUMP Meme Coin on Solana
- The TRUMP token is a meme coin hosted on the Solana blockchain, launched by Donald Trump.
- It achieved a $10 billion market cap with a fully diluted valuation above $51 billion shortly after its release.
- The total supply of TRUMP is 1 billion tokens, with only 200 million available for trading initially.
- CIC Digital LLC and Fight Fight Fight LLC manage the project, collectively owning 80% of the supply.
- The token attracted attention for suspicious trades during its first minute of trading.
The TRUMP meme coin, linked to Donald Trump and hosted on Solana, quickly reached a $10 billion market cap but faced scrutiny over early suspicious trades.
Source (2.6)https://decrypt.co/resources/what-is-trump-donald-trumps-official-solana-meme-coin?rand=52368
