Trump Meme Coin: Price Surge & Melania’s Coin Launch

Donald Trump has launched a new cryptocurrency. It is called the Trump Meme Coin. The coin has garnered a lot of attention since its release. He has talked extensively about cryptocurrencies. This is before his announcement as President-elect. Moreover, he truly believes in the potential of this industry. Continue reading to learn more about Trump’s Meme Coin Launch.

$Trump Coin Price Surge

The Trump Meme Coin started selling at $10 each. However, its price quickly soared to about $70 by Sunday afternoon. This price jump excited several investors. People observe this coin surge as a chance to make money. However, the official website mentions that it is not meant for investment. The current price of the TRUMP coin is US$ 0.01803, as of January 20, 2025. 

Also read: Elon Coin: The Next Big Meme Coin Revolution in Crypto?

How to Buy the Trump Coin?

There are various ways in which one could invest in the TRUMP meme coin (DTC). The most convenient way is centralized exchanges (CEXs). An example of this is KuCoin. One should opt for exchanges that support DTC. This ensures robust security. Moreover, there is sufficient liquidity and competitive fees.

Along with this, one can also use a non-custodial wallet like KuCoin wallet or MetaMask. These Web3 wallets allow one to swap crypto currencies easily. One can also buy a Trump coin (DTC) through these crypto wallets. These allow strong securities for both crypto and NFTs. 

Furthermore, (DEX) or decentralized exchanges are also beneficial in investing in the TRUMP coin. Some of them such as Uniswap provide self-executing sufficient contracts. This allows trusted trading. Their tokens are available on EVM-compatible blockchains. Some of these include Ethereum and Polygon. Moreover, to trade in DEX, one must also have a compatible wallet like MetaMask. 

Meme Coins

These are a unique component of the crypto world. They often start as jokes and have no real value. However, they can suddenly increase in price if enough people invest in them. Dogecoin is one of the best examples of this. It features a cute dog. Moreover, it became popular for its fun nature. Unfortunately, some scammers use meme coins to scam people out of their investments.

Some crypto fans have welcomed the Trump Meme Coin. They view it as a sign that Trump supports the crypto market. Moreover, others believed that the Biden administration unfairly targeted this industry. Meanwhile, Trump has promised to create friendly regulations for cryptocurrencies. Also, he has also chosen supporters for crypto. They are placed in important government positions.

Concerns About Influence

Critics of the Trump Meme Coin raise concerns over this. They worry it could allow special interests. Moreover, it could lead to foreign governments gaining control over the president. The sale of the coin is organized by CIC Digital. This is a company linked to the Trump Organization. 

Moreover, they own a large portion of the coins. Hence, they will profit from the trading activities.

Recently, the Trump family released an ethics agreement. This agreement stops Trump from making daily decisions at the Trump Organization. This is while he being the President. Also, it limits the financial information he can access about the business.

Also read: Jio Platforms Launches JioCoin On Polygon Blockchain: Mukesh Ambani’s Newly Launched Cryptocurrency 

His family has been involved in crypto before. They helped launch a new venture. This was for trading cryptocurrencies last year. Moreover, he has also explored NFTs or non-fungible tokens. Last year, he earned between $100,000 and $1 million. This was from digital trading cards. These cards showed him as a different characters. Some of them were an astronaut and a superhero.

Melania Trump’s Coin

Meanwhile, Melania Trump also launched her meme coin. This was after her husband’s coin was a success in the market. She launched her coin termed MELANIA. This move created a stir in the market. Right from the launch, it gained a lot of attention. Moreover, its price quickly rose to $5. Alongside, its market capitalization reached $5 billion. This was according to Forbes. She also encouraged everyone to invest in her coin on X. It briefly caused Trump’s meme coin to drop by 50%. Moreover, several investors shifted their money to her coin. 

After her launch of MELANIA, the price of TRUMP fell to $41. According to reports, he lost a staggering $7.5 billion in market value in just ten minutes of the launch. However, it later surged. Initially, TRUMP was trading at $47. The market cap had reached $9.82 billion. This marked an 83% increase from the previous day. Before MELANIA launched, TRUMP’s total trading value was nearly $13 billion. Alongside, it was the 19th most valued crypto in the world. This record is according to CoinGecko.

Analysts from the Kobeissi Letter also discussed the new coin’s arrival. They took to X noting that the change is beyond insane. They mentioned how less than 48 hours ago, Donald Trump launched TRUMP. However, after Melania Trump’s launch, TRUMP lost $7.5 billion in market cap. This was only in 10 minutes. During the launch of MELANIA, there were huge orders for TRUMP. This indicates how quickly the market can change with volatile news.

Trump’s affiliates control a significant portion of the TRUMP coins. They own 800 million tokens. This is in addition to the 200 million already released. This ownership could potentially unlock a market value of up to $51 billion.

Mixed Reactions

There are mixed reactions to both the coins. This is especially after MELANIA has been launched. Supporters of Trump are praising the move of the Trump family. Also, they see it as a smart move in the crypto market. However, critics question the ethics behind the move. They are raising concerns about the conflicts of interest. Also, they are questioning the influence of these coins on the president.

David Sacks is a crypto advisor appointed by Trump. He also spoke after both the coins were launched. Sacks announced that the reign of terror against cryptocurrencies is over. Moreover, he believes this signals a new era of innovation for crypto in the United States. This statement indicates a shift in attitude towards crypto in his administration. 

Trump has promised to push for cryptocurrency in the future. Also, he has appointed many pro-crypto individuals in his administration. This could change the cryptocurrency scenario in the United States. Supporters are hoping that this will create a more favorable environment for digital currencies.

Conclusion

The launch of Donald Trump’s TRUMP meme coin and Melania’a MELANIA coin has created a roar in the crypto market. There has been a significant ripple in the crypto market as observed in the last 48 hours. The introduction of MELANIA caused a drastic drop in TRUMP with a sharp loss of $7.5 billion in ten minutes. However, it was recovered later. Both tokens garner attention, and they show the volatile nature of crypto. There may be regulatory changes with more favorable environments for cryptocurrency in the future.