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.
This design is spectacular! You definitely know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
I have been absent for a while, but now I remember why I used to love this site. Thank you, I will try and check back more often. How frequently you update your website?
Hi my friend! I want to say that this post is amazing, nice written and include almost all significant infos. I would like to see more posts like this.
Some truly nice stuff on this web site, I love it.
Absolutely pent written content, thanks for selective information.
You completed various good points there. I did a search on the subject and found a good number of folks will have the same opinion with your blog.
You have brought up a very great details , thankyou for the post.
You have observed very interesting details! ps decent site. “To grow mature is to separate more distinctly, to connect more closely.” by Hugo Von Hofmannsthal.
Exactly what I was looking for, thankyou for putting up.
I’ve been exploring for a little for any high quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this website. Reading this information So i’m happy to convey that I have a very good uncanny feeling I discovered exactly what I needed. I most certainly will make sure to don’t forget this site and give it a look regularly.
Valuable info. Lucky me I found your website by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.
Hello there! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Cheers!
We stumbled over here different page and thought I may as well check things out. I like what I see so i am just following you. Look forward to looking over your web page again.
Hey very nice site!! Man .. Beautiful .. Amazing .. I will bookmark your site and take the feeds also…I am happy to find a lot of useful information here in the post, we need work out more strategies in this regard, thanks for sharing. . . . . .
Woh I love your content, saved to favorites! .
My brother suggested I might like this website. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this information! Thanks!
good post.Ne’er knew this, regards for letting me know.
There are some fascinating closing dates on this article however I don’t know if I see all of them center to heart. There may be some validity however I’ll take maintain opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as nicely
I have recently started a blog, the info you provide on this website has helped me greatly. Thanks for all of your time & work.
Its fantastic as your other articles : D, appreciate it for posting. “For peace of mind, we need to resign as general manager of the universe.” by Larry Eisenberg.
Very nice post. I just stumbled upon your weblog and wanted to say that I’ve really enjoyed surfing around your blog posts. In any case I’ll be subscribing to your feed and I hope you write again very soon!
Dead written content, thanks for selective information. “The last time I saw him he was walking down Lover’s Lane holding his own hand.” by Fred Allen.
You actually make it appear really easy along with your presentation but I to find this matter to be really one thing that I think I’d by no means understand. It kind of feels too complicated and extremely huge for me. I’m having a look ahead in your subsequent put up, I?¦ll try to get the hold of it!
This is the appropriate blog for anybody who needs to search out out about this topic. You realize a lot its almost arduous to argue with you (not that I actually would need…HaHa). You positively put a new spin on a topic thats been written about for years. Nice stuff, simply nice!
I was wondering if you ever considered changing the layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 pictures. Maybe you could space it out better?
I haven’t checked in here for a while as I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your client to communicate. Nice task..
Thank you for another informative blog. The place else may I get that kind of information written in such an ideal way? I have a challenge that I am simply now operating on, and I’ve been at the glance out for such information.
Hi my family member! I wish to say that this post is awesome, nice written and include approximately all important infos. I¦d like to see more posts like this .
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
Hey! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to stop hackers?
This design is wicked! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
SleepLean is not your typical fat burner, it works with your body’s natural sleep cycle to help: Boost overnight metabolism, Balance hormones like cortisol (the belly fat hormone), Curb late-night cravings, Promote deep, restorative sleep
Thanks for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you¦ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and just couldn’t come across. What a great web site.
You are a very clever person!
SleepLean is not your typical fat burner, it works with your body’s natural sleep cycle to help: Boost overnight metabolism, Balance hormones like cortisol (the belly fat hormone), Curb late-night cravings, Promote deep, restorative sleep
Its great as your other articles : D, thanks for putting up. “Even Albert Einstein reportedly needed help on his 1040 form.” by Ronald Reagan.
We stumbled over here by a different website and thought I may as well check things out. I like what I see so i am just following you. Look forward to exploring your web page for a second time.
Excellent site. Lots of useful info here. I?¦m sending it to a few pals ans also sharing in delicious. And certainly, thanks for your sweat!
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 was recommended this blog by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You’re incredible! Thanks!
I want gathering useful information , this post has got me even more info! .
I think this internet site holds some very good info for everyone. “As we grow oldthe beauty steals inward.” by Ralph Waldo Emerson.
Its wonderful as your other content : D, appreciate it for posting. “A lost battle is a battle one thinks one has lost.” by Ferdinand Foch.
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.
This is a topic close to my heart cheers, where are your contact details though?
Good write-up, I am regular visitor of one?¦s web site, maintain up the nice operate, and It is going to be a regular visitor for a lengthy time.
Heya i’m for the first time here. I came across this board and I find It really useful & it helped me out a lot. I hope to give something back and help others like you helped me.
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.
Loving the info on this internet site, you have done outstanding job on the content.