- Donald Trump launched TRUMP memecoin on Solana earlier today.
- A trader made $20 million in profits through TRUMP investment within an hour.
- TRUMP token surpassed $13 billion market cap within just a few hours after the launch.
They say there’s never a dull day in crypto and it holds true with each passing day. With pro-crypto Donald Trump’s re-election as the President of the US, the crypto market is witnessing huge price spikes. On the other hand, several developments are taking place around the industry considering the upcoming regulatory certainty in global countries across the world.
Meanwhile, Donald Trump launched Solana-based memecoin TRUMP through his Truth Social account earlier today. The post triggered massive investments and sell-offs of the TRUMP memecoin, resulting in huge profits. Crypto investors and traders are taking this opportunity to bag as much profit as possible.
Trader Made $20M in Profits Through TRUMP Investment
Insane—over $20M in profit in just 1 hour!
— Lookonchain (@lookonchain) January 18, 2025
~90 seconds after #Trump announced the launch of $TRUMP on Truth Social, this trader spent ~1.1M $USDC to buy 5.97M $TRUMP($23M currently).
So far, he only sold 543K $TRUMP for $404K, holding onto 5.43M $TRUMP($21M), for a total profit… pic.twitter.com/lBEYXZjxJJ
As per on-chain analytics platform Lookonchain findings, a trader made $20 million in profits within just an hour through TRUMP investment. Around 90 seconds after Trump announced his memecoin launch on Truth Social, a trader spent $1.1 million USDC to buy 5.97 million TRUMP. Then, he sold 543K TRUMP tokens for $404K and held onto remaining tokens.
Another trader named “LeBron” spent 1 million USDC to buy 4.52 million TRUMP. Just 2 minutes after he sold 4.12 million TRUMP and made over $2 million profits.
As per Lookonchain findings, founder of 0xSun Group, 0xSun.sol earned more than $3.7 million on TRUMP investment. He spent around 3,000 SOL on this Solana memecoin and bought 999,895 TRUMP tokens. Then, he sold 199,895 TRUMP for 3,616 SOL and made a total profit of over $3.7 million.
Donald Trump’s Solana Memecoin TRUMP Reaches $9B Market Cap
Even though there are multiple memecoins with the TRUMP ticker, this time Donald Trump himself launched the TRUMP memecoin. The possibility of the post being fake is ruled out because Donald Trump’s Truth Social account hasn’t been compromised.
Trump even introduced this memecoin on his X account, highlighting that it is time to celebrate his winning. With the slogan “Fight Fight Fight” and a fist up, Donald Trump launched the TRUMP memecoin to celebrate his strength and courage when he faced an attempted assassination in July 2024.
TRUMP memecoin broke records being the first Solana memecoin to reach a $13 billion market cap within a few hours after the launch, as per on-chain data. It is making waves in the crypto market ahead of Trump’s inauguration as the president of the US. No wonder if it rises to be one of the top memecoins within the coming few days.
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