Learn about the official Trump crypto. Its history and background, key features of the memecoin, how to buy it, and prospects.
President Donald Trump of the United States introduced Official Trump crypto, his official meme coin. The TRUMP crypto was launched on Friday at about $6.50 and reached an all-time high of $73 two days later.
However, the coin fell below $40 a few hours after his swearing-in. According to on-chain data, its market capitalization was approximately $7.6 billion on Monday.
In this guide, we will learn about the official Trump crypto, its origin and background, potential use cases, and how to buy it.
Official Trump Crypto: What is it?
President Donald Trump’s official X account announced the launch of the Official Trump cryptocurrency two days before his inauguration as the 47th president of the United States. According to the official website of the meme coin, the Official Trump (TRUMP) token was promoted as a unique chance to show “support for, and participation with, the ideals and beliefs” represented by the TRUMP symbol.
With worries about a possible hack of Donald Trump’s social media accounts, many people were first reluctant to purchase this meme coin. However, as soon as it was established that Trump officially issued the token, it began to gain traction.
The token surged to an all-time high of $73.43 on January 19, 2025, within 48 hours of launch. Trump’s inauguration on January 20 and several exchange listings, including Binance, MEXC, and Bybit, contributed to this price surge.
Also read:The Official Trump cryptocurrency, currently trading at about $18 at the time of writing, has dropped more than 76% from its all-time high.
Background and History
The TRUMP meme coin was introduced on the Solana blockchain with an overall supply of one billion coins, 200 million in circulation, and 800 million held by Trump-affiliated companies. Due to the significant influx of investors into this meme coin, the token’s market capitalization once surpassed $27 billion.
Currently, the TRUMP token is promoted as a meme coin. However, if the team behind it develops decentralized applications (DApps), this classification could be altered and result in a steady stream of new users.
Aside from being linked to Donald Trump, this token has no significant features as a meme coin. However, given that Trump is anticipated to remain president for at least the next four years, this meme coin might become more than a fundraising tool.
Official Trump Crypto Adoption and Use Cases
Like all meme coins whose growth depends on their following, TRUMP’s adoption has happened quickly. The TRUMP meme coin’s official X account recently announced that it has partnered with Travala, a popular travel platform. TRUMP holders can use the token to book travel, lodging, and other activities on the platform.
The market capitalization is currently $5.9 billion. However, as the cryptocurrency market continues to recover from a decline, this token’s price could significantly increase.
How Can You Buy Official Trump Crypto?
According to the token’s official website, you can buy this cryptocurrency using traditional payment options like Venmo, Apple Pay, debit cards, or cryptocurrencies like USDC or Solana (SOL). The TRUMP token is also available on well-known cryptocurrency exchanges like MEXC, Binance, and Bybit.
However, before buying the TRUMP token, read the tokenomics. This will help you to make an informed choice. Also, ensure the website or exchange you use is legitimate before purchasing the token because many fraudulent websites have the same name.
Future Prospects
The TRUMP crypto’s notable feature is its symbolic connection to President Donald Trump. If Trump and his team continue to support the token, its price may continue to surge.
In contrast to other cryptocurrencies, the TRUMP token may be more volatile in terms of price fluctuations because it is a meme coin. Hence, you are advised to do your research (DYOR) before purchasing to prevent any possible losses.
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