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.
In this article, we’ll learn about what is the Official Trump (TRUMP) token, it’s background, potential use cases, and how to buy it.
What is Official Trump?
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.
History and background
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.
Key features of Official Trump
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.
Use cases and adoption
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 of the TRUMP meme coin also announced its integration with Travala, where holders of TRUMP can book flights, hotels, and other activities by using this token.
As of now, the market cap is standing at $5.9 billion, as the crypto market is recovering from a downfall, and we are yet to see a major rebound in this token’s price if everything goes right for the TRUMP meme coin.
How to get Official Trump?
As per the official website of the TRUMP token, you can buy this cryptocurrency through traditional methods such as debit card, Apple Pay, or Venmo, or by using cryptocurrencies such as USDC or Solana (SOL).
The TRUMP token can also be bought from major cryptocurrency exchanges which include Binance, Bybit, and Mexc.
Before buying the token, ensure that the website is official as there are many scam websites with similar names as well. Also, make sure to read the tokenomics so you can make an informed decision before buying the TRUMP token.
Future outlook
The symbolic association with Donald Trump is the defining factor of the TRUMP token. This can prove to be a good thing for the token’s price, or it can backfire depending on how Donald Trump and his team continue to market this token.
Since the TRUMP token is a meme coin, it may experience more volatility in price fluctuations as compared to other cryptocurrency tokens. It is advised to do your research before investing in this token or any other, to avoid any potential losses.
FAQs
Who created the Official Trump token?
The TRUMP token was officially launched by the President of the United States, Donald Trump, and it was announced on X, on Jan. 18, 2025. Since then, the token has surged to an all-time high of $73.43.
Is the Official Trump token secure?
The TRUMP token is launched on Solana which means that the security of this token relies on the integrity of the Solana blockchain. Also, the supply of the TRUMP token is concentrated and big wallets own most of the supply which may be an issue if these wallets decide to sell their holdings. Do your research before making a buying decision to avoid any potential losses.
Is the Official Trump token legal?
Yes, the TRUMP token is legal to buy in the United States and in other countries where cryptocurrency is legal to buy, sell, or trade. However, you should do research about your country of residence before making a buying decision to avoid any legal consequences.
What makes the Official Trump token unique?
The main reason why the TRUMP token is unique is because it’s the first token that is officially backed by a current president of a country. As Donald Trump continues to back this meme coin, its price may experience volatility which is why you should do research before investing in this token.
How many TRUMP coins are there?
According to the official website, the total supply of TRUMP tokens is 200 million and it will grow to a total of 1 billion TRUMP over the next three years. This indicates that the meme coin may increase in price as the president of the United States, Donald Trump remains in office. However, this is not guaranteed due to the volatile nature of the crypto markets and you should do your research before investing in this token.
Source: https://crypto.news/what-is-the-official-trump-token/