The crypto world received a ‘pleasant’ surprise from the president of the United States, Donald Trump, as he launched his official meme coin, Official Trump.Table of ContentsIn this article, we’ll learn about what is the Official Trump (TRUMP) token, it’s background, potential use cases, and how to buy it.Only two days before the official inauguration of the 47th president of the United States, the launch of the Official Trump cryptocurrency was announced by the official X account of Donald Trump.According to the meme coin’s official website, this Official Trump (TRUMP) token was marketed as a unique opportunity to express “support for, and engagement with, the ideals and beliefs” embodied by the symbol TRUMP.Initially, many people were hesitant to buy this meme coin, owing to concerns of a potential hack of Donald Trump’s social accounts, however, once it was confirmed that this token was indeed an official token of Trump, the token started to gain momentum.In less than 48 hours of this token launch, the token skyrocketed to an all-time high of $73.43 on Jan. 19, 2025. This move was propelled by Trump’s upcoming inauguration on Jan. 20 as well as several exchange listings including Binance, Bybit, Mexc, and many others.However, after this price surge, the drop was also brutal as the Official Trump cryptocurrency has fallen more than 60% from its all-time high and is currently trading at around $29 at the time of writing.TRUMP 4h token chart | Source: crypto.news
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Bitcoin ETF weekly inflows slowdown despite optimism following Trump’s inauguration The Official Trump (TRUMP) token is a meme coin associated with the President of the United States, Donald Trump. It is launched on the Solana blockchain, with a total of one billion coins, 800 million of which are owned by Trump-owned corporations, while 200 million are in circulation. At one point in time, the market cap of this token reached more than $27 billion, owing to the large influx of investors in this meme coin.The TRUMP token is marketed as a meme coin at this point, however, this can change in the future if decentralized applications are built on it, which can create an ongoing user influx.Now that we have explained the Official Trump token’s background let’s discuss its potential key features.As this token is a meme coin, there are no real key features of the token yet. However, as Donald Trump is expected to continue his presidency over the next few years, we may see this meme coin evolve into much more than just a fundraising meme coin.The adoption of the TRUMP token has come at a very fast pace, and like all meme coins that grow based on their cult following TRUMP coin also surged to more than $10 billion on its launch day. Following the launch, the coin was listed on many leading exchanges like Binance, Mexc, Bybit, and others. Recently, the official X account