The 47th President posted across his different official social media accounts the launch of the “$TRUMP” coin on the Solana Blockchain network, which reached a market cap of nearly $9 billion within hours of the announcement.
A source close to Trump’s family — speaking on condition of anonymity — confirmed to Cointelegraph that the project is legitimate and linked to his non-fungible token (NFT) ventures.
The crypto outlet added:
Large investors, or “whales,” also jumped in. One whale withdrew 61,205 SOL — worth over $14.3 million — from crypto exchange OKX to buy 1.27 million TRUMP tokens. Another spent 8.5 million USDC to purchase 1.03 million tokens at an average price of $8.28.
TRUMP traded at $18.82 at the time of writing, with a market cap of $4.28 billion, up 10,222% since launch and generating $1.71 billion in trading volume across 227,625 transactions, according to Dexscreener.
The project’s website outlines a total supply of 1 billion tokens, set to be released over three years. At launch, 200 million tokens, about 20% of which were unlocked, with the remaining 800 million gradually distributed over 36 months.
Tied to Trump’s NFT ventures, CIC Digital will receive 80% of the total supply in six allocations. These will unlock linearly over 24 months following an initial lock-up period of three to 12 months. The remaining tokens include 10% reserved for liquidity and 10% for public distribution, fully unlocked at launch.
Some people have already made massive returns. CryptoPolitan reported: ‘Just 90 seconds after Trump revealed the new token’s launch on Truth Social, he purchased 5.97 million TRUMP tokens. Later, he sold 543000 TRUMP tokens for roughly $404k, earning himself a $20 million profit.’
Popular investigative journalist Coffeezilla, who exposes a number of cryptocurrency scams and grifts, gave his additional thoughts on Trump’s memecoin, which he says has all the trappings of a classic pump-and-dump “rug pull” scheme.
Earlier this week, it was revealed that President Trump plans to immediately sign an executive order that would make cryptocurrency adoption a national priority and establish a federal crypto advisory council that would work with private sector crypto firms. A focal point of Trump’s campaign was the promise of making the U.S. the “crypto capital of the world,” and would push to add Bitcoin to U.S. strategic reserves, with some allies even touting selling gold reserves to buy Bitcoin.
AUTHOR COMMENTARY
If there was ever anything so symbolic of the current state of this sorry country, it would be this. Your President, the Head of State, the Commander-in-Chief, the possessor of the nuclear football, is literally operating a pump-and-dump crypto scam while sitting behind the resolute desk.
Proverbs 14:28 In the multitude of people is the king’s honour: but in the want of people is the destruction of the prince. [33] Wisdom resteth in the heart of him that hath understanding: but that which is in the midst of fools is made known. [34] Righteousness exalteth a nation: but sin is a reproach to any people.
What more can I say? The story speaks for itself. Nothing surprises me anymore: we officially live in Clown World; as Agent Orange “through covetousness shall” [he] “with feigned words make merchandise of you:” (2 Peter 2:3).
We are a nation of fools led about by fools; and the joke is on us.
And yet THIS is the man so many people, professing “Christians,” are pinning all their hopes on to come rescue them from ruination. What a joke!!
SEE: The Club: Trump Seen Acting Jovial With Obama At President Carter’s Funeral
Tokenization: The New World Order Monetary System To Digitize All Assets And Nature, Including You
Isaiah 30:1 Woe to the rebellious children, saith the LORD, that take counsel, but not of me; and that cover with a covering, but not of my spirit, that they may add sin to sin:
2 Corinthians 4:4 In whom the god of this world hath blinded the minds of them which believe not, lest the light of the glorious gospel of Christ, who is the image of God, should shine unto them.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
I and my friends appeared to be examining the best secrets and techniques on the website then before long came up with an awful feeling I never expressed respect to the website owner for those strategies. My young boys were definitely as a consequence joyful to see them and have now absolutely been loving them. Appreciate your genuinely so thoughtful and for having variety of outstanding information millions of individuals are really desirous to understand about. My very own sincere apologies for not saying thanks to earlier.
Keep up the good piece of work, I read few blog posts on this website and I think that your web site is real interesting and holds circles of fantastic information.
Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
It’s arduous to search out knowledgeable people on this topic, however you sound like you understand what you’re speaking about! Thanks
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
I am curious to find out what blog platform you have been working with? I’m having some minor security issues with my latest blog and I’d like to find something more safe. Do you have any suggestions?
Lipovive acts on the metabolism, burning fat, reducing appetite, and providing more energy.
Nice blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your design. With thanks
Sleep Lean is a natural supplement designed to improve sleep quality and aid weight loss while you sleep.
Merely wanna say that this is very helpful, Thanks for taking your time to write this.
I am not really superb with English but I find this really easygoing to read .
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but instead of that, this is fantastic blog. A fantastic read. I will certainly be back.
Thanks for another wonderful post. Where else could anybody get that type of information in such a perfect way of writing? I have a presentation next week, and I’m on the look for such info.
Hello, Neat post. There is an issue along with your website in internet explorer, would check thisK IE still is the market leader and a good portion of people will omit your wonderful writing due to this problem.
excellent publish, very informative. I’m wondering why the opposite specialists of this sector do not realize this. You should continue your writing. I am confident, you’ve a great readers’ base already!
Hello! I’m at work surfing around your blog from my new iphone! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the superb work!
I have read a few excellent stuff here. Definitely worth bookmarking for revisiting. I wonder how a lot effort you set to create this kind of great informative web site.
Good info. Lucky me I reach on your website by accident, I bookmarked it.
Appreciate it for this post, I am a big fan of this website would like to continue updated.
you have a great blog here! would you like to make some invite posts on my blog?
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
I do agree with all of the ideas you’ve presented in your post. They are really convincing and will certainly work. Still, the posts are too short for starters. Could you please extend them a little from next time? Thanks for the post.
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
I went over this internet site and I think you have a lot of superb info, saved to favorites (:.
Your place is valueble for me. Thanks!…
I couldn’t resist commenting
Really good info can be found on blog. “We should be eternally vigilant against attempts to check the expression of opinions that we loathe.” by Oliver Wendell Holmes.
This web page is known as a stroll-by means of for all the information you needed about this and didn’t know who to ask. Glimpse here, and you’ll undoubtedly uncover it.
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
Woh I love your articles, saved to fav! .
You are my breathing in, I possess few blogs and occasionally run out from post :). “Fiat justitia et pereat mundus.Let justice be done, though the world perish.” by Ferdinand I.
An attention-grabbing dialogue is price comment. I feel that you need to write more on this subject, it may not be a taboo topic but typically persons are not enough to talk on such topics. To the next. Cheers
I want to point out my affection for your kindness supporting folks that should have assistance with your field. Your special dedication to passing the message up and down turned out to be astonishingly useful and has frequently encouraged employees just like me to realize their pursuits. Your amazing valuable tutorial indicates a great deal a person like me and still more to my office colleagues. Best wishes; from everyone of us.
I have been exploring for a bit for any high quality articles or weblog posts in this sort of space . Exploring in Yahoo I eventually stumbled upon this website. Studying this info So i?¦m satisfied to show that I’ve an incredibly just right uncanny feeling I discovered just what I needed. I most certainly will make sure to do not overlook this web site and provides it a glance on a constant basis.
After research a few of the blog posts on your website now, and I really like your means of blogging. I bookmarked it to my bookmark website list and will likely be checking again soon. Pls try my website as nicely and let me know what you think.
Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say great blog!
Hello. magnificent job. I did not imagine this. This is a impressive story. Thanks!
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
I have recently started a blog, the information you provide on this web site has helped me greatly. Thank you for all of your time & work.
Perfectly pent subject matter, regards for entropy. “The earth was made round so we would not see too far down the road.” by Karen Blixen.
I precisely needed to thank you very much again. I am not sure what I could possibly have worked on in the absence of the type of secrets contributed by you over that area of interest. It was actually an absolute traumatic case for me, however , discovering a new specialized form you resolved the issue took me to weep for joy. I’m grateful for the guidance and even believe you recognize what a powerful job you’re providing teaching the mediocre ones through a site. Most likely you haven’t met all of us.
I’m impressed, I have to say. Actually not often do I encounter a weblog that’s each educative and entertaining, and let me let you know, you’ve hit the nail on the head. Your concept is excellent; the issue is something that not enough individuals are talking intelligently about. I’m very glad that I stumbled throughout this in my search for one thing relating to this.
Right now it sounds like BlogEngine is the top blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!
I like this website its a master peace ! Glad I detected this on google .
I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again
Thanks for the good writeup. It in reality was once a enjoyment account it. Look complex to more introduced agreeable from you! By the way, how could we be in contact?
Definitely believe that which you said. Your favorite reason seemed to be on the internet the simplest thing to be aware of. I say to you, I definitely get irked while people think about worries that they just do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks
You could definitely see your skills in the work you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. Always go after your heart.