Donald Trump, the incoming president of the United States, made headlines on Saturday by launching his own meme-coin. This unexpected move caught the crypto market off guard just days before his inauguration on Monday, and the coin‘s value surged immediately.

Within hours, the coin‘s price saw a significant increase, reaching over $43 by Sunday evening. The launch was announced through Trump‘s official social media accounts, including X and his own platform, Truth Social.

The $TRUMP coin, as it is called, carries the slogan “Fight, fight, fight!” and symbolizes “everything we stand for: WINNING!” This message aligns closely with Trump‘s campaign slogans and emphasizes his combative and determined nature.

Speculation and doubts

While the announcement sparked enthusiasm, it also raised skepticism. Some traders on social media speculated that the posts might have been the result of hacked accounts. However, the posts remained live, and there has been no official statement from Trump to suggest any issues.

What exactly Is the $TRUMP Coin?

The $TRUMP token is built on the Solana network and has a total supply of 1 billion coins, with an initial 200 million made available. A substantial 80% of the tokens are held by Trump Organization-affiliated entities, including CIC Digital and Fight Fight Fight LLC. These holdings are subject to a three-year release schedule, preventing immediate liquidation.

CIC Digital LLC has previously overseen the sale of Trump-branded NFTs, sneakers, and other merchandise. The company reportedly generated millions in licensing revenue last year, leveraging Trump‘s strong brand recognition.

No investment advice

According to a statement on the official website, the $TRUMP token is intended as “an expression of support for and engagement with the ideals and beliefs represented by the $TRUMP symbol.” The project emphasizes that the tokens are not designed as an investment or financial product.

Price prediction for official Trump

The current value of Official Trump stands at €58.04, marking a ▲34.68% increase in the last 24 hours, equivalent to a €20.13 change. With 199,999,999 TRUMP in circulation and a total market capitalization of €11.38 billion, the coin continues to attract attention from both traders and investors.

Short-term technical analyses present mixed signals, which may prompt caution for buyers evaluating whether now is the right time to invest. However, long-term forecasts remain optimistic, with analysts projecting steady growth through 2031. By the end of that year, TRUMP is expected to reach €95.46, highlighting its potential for sustained upward momentum.

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