The $TRUMP memecoin shook the crypto market this weekend, seeing its value jump 490% in less than 24 hours. This spectacular performance could have quintupled the fortune of future former US President Donald Trump, according to analysts.
Donald Trump could see his fortune quintuple thanks to $TRUMP
The launch of the TRUMP memecoin on the Solana blockchain caused an unprecedented financial earthquake upon its introduction. Announced simultaneously on Truth Social and
In just three hours, the token's market capitalization reached an impressive $8 billion, propelling TRUMP straight into the top 30 global cryptos. This meteoric rise then stabilized around $5.7 billion, with a fully diluted value of $28.5 billion.
The effect instantly spread throughout the Solana ecosystem. The SOL token recorded a spectacular increase of 16%, going from $220 to $260 in a few hours, driven by a massive influx of new investors.
This bullish wave also benefited other major players in the Solana ecosystem, particularly the decentralized exchange platforms Raydium (RAY) and Jupiter (JUP), illustrating the domino effect of this launch.
Major implications for the new president's fortunes
L'investigation conducted by Arkham Intelligence reveals a striking reality: 80% of TRUMP tokens are concentrated in the hands of two entities, CIC Digital LLC and Fight Fight Fight LLC, both closely linked to Donald Trump. With a price of around $28, this massive participation represents a colossal amount of $22.4 billion.
This exceptional valuation could multiply by five the personal fortune of the former new president, which Forbes estimated at $5.6 billion in November 2024. A dazzling creation of wealth which, even if it remains theoretical, illustrates the dizzying potential of memecoins in the modern digital economy.
However, this extreme concentration of the token raises serious concerns. While Trump's team has already made more than $500 million in profits, the risks of market manipulation and the lack of decentralization appear to be critical points.
Even more worrying, this presidential initiative risks opening Pandora's box. If an American president can launch his own memecoin, nothing would stop other political figures, celebrities or influencers from following his example.
This situation could lead to an uncontrolled proliferation of tokens with no real utility, transforming the crypto market into a vast speculative casino. Gary Gensler's strict regulatory approach at the SEC, while sometimes criticized, may ultimately prove to have been prescient!
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