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How to Buy TRUMP Memecoins using Trust Wallet
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요약
Learn about the TRUMP memecoin phenomenon, its meteoric rise, and how to buy it using Trust Wallet. Discover the latest trends in political and meme crypto.
US President-elect Donald Trump launched his own cryptocurrency, a memecoin called $TRUMP, just days before his inauguration as the 47th President of the United States. The $TRUMP digital token, introduced on Friday, January 18, 2025, has taken the crypto world by storm, with its market capitalization soaring to billions of dollars within hours of its release.
Trump announced the launch of his meme coin on his Truth Social platform, encouraging supporters to "Join my very special Trump Community" and "GET YOUR $TRUMP NOW". The coin's website describes it as a celebration of "a leader who doesn't back down, no matter the odds". This article will explore the TRUMP memecoin and provide steps on how to buy TRUMP and how to buy memecoin using Trust Wallet.
Key takeaways:
The TRUMP coin, launched just before Donald Trump's inauguration as the 47th US President, saw its market cap soar to $14.5 billion within days.
Memecoins, including TRUMP, are highly volatile and speculative assets, often influenced by political events and social media trends.
The TRUMP coin's ownership structure, with 80% held by Trump-affiliated entities, has raised questions about centralized control and potential conflicts of interest in its management and distribution.
The TRUMP Coin: A New Political Memecoin
The TRUMP coin, launched on the Solana platform on January 17, 2025, just days before Donald Trump's inauguration as the 47th President of the United States, has taken the cryptocurrency world by storm. This politically-themed memecoin experienced a meteoric rise, capturing the attention of crypto enthusiasts and political supporters. Described as "The Trump Card with a Winning Attitude," the coin positions itself as "the ultimate digital collector's card for true Patriots and Trump fans". It celebrates "a leader who doesn't back down, no matter the odds".
Launch and Performance
The TRUMP coin debuted with an initial supply of 200 million tokens, out of a total planned supply of 1 billion to be released over the next three years. Within hours of its launch, the $TRUMP coin's market capitalization reached nearly $5.5 billion (£4.5 billion). As of Monday, January 20, 2025, the token was trading at $52.47, with a market cap of $14.5 billion.
The launch of Melania Trump's memecoin, $MELANIA, had a major effect on the price of $TRUMP. Within minutes of Melania's announcement, the $TRUMP token experienced a sharp decline in value. The price plummeted from around $72 to below $39 on Sunday evening, resulting in a dramatic 55% drop in just 10 minutes. This sudden decrease wiped out approximately $6 billion in market value and knocked $TRUMP out of the top two memecoins by market capitalization, with Shiba Inu (SHIB) reclaiming the second position.
Ownership and Distribution
Approximately 80% of the TRUMP coins are held by CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight Fight LLC, a newly established company in Delaware. The concentrated ownership has raised questions about centralized control and potential conflicts of interest.
Market Dynamics and Volatility
The TRUMP coin's value has been highly volatile, characteristic of memecoins. After reaching its peak, the price experienced a significant correction, dropping to $35 before rebounding to around $60. This volatility reflects the speculative nature of the token and the influence of political sentiment on its value.
Community Engagement and Cultural Influence
The TRUMP coin has garnered substantial community backing, tapping into both meme culture and political support for Donald Trump. This cultural relevance has contributed to its rapid rise and sustained interest among investors and supporters.
What are Meme Coins?
Memecoins are cryptocurrencies inspired by internet memes, popular culture, or trending topics. They are often characterized by their humorous nature and strong community support. Memecoins typically lack intrinsic value or real-world utility, making their value heavily dependent on community sentiment and social media trends.
Some popular memecoins currently trending include:
Dogecoin (DOGE): The original memecoin, created in 2013 as a joke based on the Shiba Inu "Doge" meme. DOGE has gained popularity and value, partly thanks to endorsements from celebrities like Elon Musk.
Shiba Inu (SHIB): Launched in 2020, SHIB is often called the "Dogecoin killer." SHIB is an Ethereum-based token that has gained a large following and market capitalization.
Pepe Coin (PEPE): An Ethereum-based token launched in April 2023, inspired by the "Pepe the Frog" meme. PEPE quickly gained popularity and a significant market cap.
Bonk (BONK): A Solana-based memecoin launched in December 2022, aiming to be the "dog coin of the people." BONK gained attention for its community-focused approach and integration with the Solana ecosystem.
Fartcoin (FARTCOIN): With a market capitalization nearing $1 billion, Fartcoin has shown surprising resilience. The coin's unique "Gas Fee" system, which produces a fart sound with each transaction, has captured the imagination of meme enthusiasts
Why are TRUMP Memecoins Trending?
TRUMP memecoins have surged in popularity owing to the renewed political relevance of Donald Trump. Trump’s return to the White House has boosted interest in these tokens. Trump's promise to implement crypto-friendly policies has further fueled enthusiasm among investors, who see these memecoins as potential beneficiaries of a favorable regulatory environment. The speculative nature of these tokens has also attracted traders looking for quick, high-return opportunities in the volatile crypto market. Memecoins encourage a sense of community among supporters, creating a unique blend of political expression and digital asset ownership.
How to Buy Solana Using Trust Wallet
You can buy crypto, including Solana, using Trust Wallet, via our trusted partners. Here’s how:
Select “Buy” from the home screen.
If using the mobile app:
Search for “Solana” or “SOL” and select it.
Choose your preferred currency, then enter the amount of SOL you want to purchase.
Select the third-party provider & payment method you’d like to use.
Select the Buy button and complete the remaining steps.
If using the browser extension:
Choose your preferred currency and amount, then choose Solana (SOL)
Select your preferred third-party provider.
Complete the remaining steps
How to Swap SOL for TRUMP
Once you have purchased SOL, you can swap it for TRUMP using Trust Wallet, via our trusted partners. Here’s how to buy TRUMP:
Select “Swap” from the Trust Wallet home screen.
Ensure Solana is selected in the “From” network field, and choose SOL as your token
Ensure Solana is selected in the “To” network field, and choose MELANIA as your token.
Enter the amount of SOL you would like to swap.
Select “Continue” and complete the remaining steps.
Closing Thoughts
The launch of the Trump memecoin has added another layer of excitement to the cryptocurrency market. As crypto continues to evolve, it remains to be seen how this presidential-backed token will perform in the long run. Whether you're looking to buy memecoin using Trust Wallet or exploring other options on how to buy Trump memecoin, it's important to approach this investment with caution and a clear understanding of the risks involved.
Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.