Donald Trump appears to have achieved a most unusual feat when he launched a memecoin earlier today.
The Official Trump (TRUMP) memecoin, launched on the Solana blockchain, surpassed the $1 billion total supply threshold in just minutes and has a market cap of approximately $6 billion at the time of writing. The picture becomes even more extraordinary when the fully diluted market cap is examined. TRUMP’s fully diluted market cap is around $32 billion at the time of writing.
A better perspective can be gained when you consider that Donald Trump’s personal fortune, amassed over his entire life, is approximately $6.5 billion.
On the other hand, how much token Donald Trump has sold after this token launch has also been the subject of speculation. According to Onchain data, Donald Trump’s team has sold $500 million worth of tokens so far.
However, around 80% of the supply is in Trump’s team’s multisig wallet. It will be a real surprise how the altcoin, which is trading at around $32 at the time of writing, will perform in the coming days. This morning, the world’s largest cryptocurrency exchange, Binance, listed Trump’s TRUMP token on the futures market.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/breaking-heres-how-much-donald-trump-has-made-so-far-from-his-memecoin-trump/