The meteoric rise of $TRUMP, the cryptocurrency backed by Donald Trump, has delivered historic gains to its holders, exceeding all market expectations.
The TRUMP cryptocurrency, backed by US President Donald Trump, has undergone one of the most spectacular launches in the history of the crypto market.
In less than 36 hours since its launch, the memecoin has registered an increase of almost 1.000%, positioning itself among the 15 most capitalized cryptocurrencies in the world. With a price that exceeded $75 per unit and a market capitalization close to $15.000 billion dollars, TRUMP became a phenomenon that has left historic profits to its first investors.
The launch of TRUMP, based on the Solana network, has become one of the most talked-about events in the cryptocurrency world.
The meme coin began trading at a value close to $7 dollars on January 18th, according to data from CoinMarketCap, but within hours it reached $75,3. This exponential growth has attracted the attention of retail and institutional investors, as well as the world's leading exchanges, which have already listed the coin on their platforms.
Source: CoinMarketCap
TRUMP generated millions in profits in record time
Data on the blockchain shows how quickly TRUMP has seen its value grow over the past two days, with some investors making millions in profits from the digital asset.
According to data from Lookonchain, a blockchain analytics platform, a “whale,” a term referring to an investor with large amounts of capital, invested $11,5 million to acquire 1 million TRUMP tokens at a price of $11,5 per unit. In less than 24 hours, the value of these tokens skyrocketed to $43,3 million, generating an unrealized gain of $31,8 million in that period.
Another notable case is that of an investor who spent $12 million to buy 860.895 TRUMP tokens at $13,94 per unit. This same investor sold his tokens at $27,67 each, making a profit of $11,8 million in a matter of hours.
Lookonchain analysts also highlighted a number of TRUMP investor transactions that They sold “too soon”According to the platform, these investors rushed to sell the memecoin and, although most managed to double their initial investments within hours, they lost extraordinary profits when TRUMP hit all-time highs.
For example, the investor identified as LeBron spent $1 million on 4,52 million TRUMP tokens, which are currently worth $274 million. However, this investor sold his tokens for $4,52 million, losing a potential profit of $269 million.
Another notable case is that of an investor who spent $500.000 on 2,65 million TRUMP tokens, which are now worth $160 million. This investor sold his tokens for $1,35 million, losing a potential profit of $158,7 million.
These transactions have demonstrated TRUMP's potential to generate exceptional returns in a short period of time, but have also highlighted how investment decisions can have a significant impact on financial results.
The TRUMP phenomenon: How can its success be explained?
The success of the TRUMP memecoin cannot be understood without the political and social context surrounding its main figure. Donald Trump, who will assume his new term as president of the United States on January 20, 2025, has been a public defender of cryptocurrencies in recent months. Trump has promised that, during his new term, he will prioritize cryptocurrencies as a strategic issue for his administration. According to reports, on his first day in office, Trump plans to issue an executive order promoting the use and adoption of cryptocurrencies in the United States.
As part of his support for cryptocurrencies, on his social networks, Trump announced the launch of the memecoin, describing it as a "a unique opportunity for true patriots"This message resonated with his followers, who quickly rushed to acquire the meme coin.
Furthermore, the launch of TRUMP coincides with a time of growing interest in memecoins in the crypto market. Unlike traditional cryptocurrencies, which are often based on specific technology or use cases, memecoins derive their value from the community and cultural impact they generate. In this sense, TRUMP has managed to capitalize on the loyalty of Trump supporters, as well as the interest of investors looking to take advantage of the volatility of this type of digital asset.
However, despite its current success, the future of TRUMP is far from guaranteed. Memecoins are known for their extreme volatility, and many experts warn that the price of TRUMP could experience strong corrections in the coming days. In addition, the coin faces the challenge of maintaining investor interest beyond the initial hype.
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