Trump meme coin reaches $8B market cap in 2 hours amid trading frenzy and authenticity concerns over official social posts.

Donald Trump, the United States (US) president-elect, has officially launched a new meme coin called $Trump, which now has a market capitalisation of $4 billion.

A coin named Official Trump ($TRUMP) launched on Solana at 2am UTC today and has rocketed to a fully diluted market capitalization of $18 billion,

Donald Trump has launched a new cryptocurrency, $TRUMP, ahead of his second presidential term, with its market cap surging to $4.25 billion within hours. Inspired by Trump’s “Fight, Fight, Fight” slogan,

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

In the few hours of its launch, the new coin's market cap has reached a whopping $4.25 billion, surging over 240%. The new coin has taken the crypto world by the storm. The Trump meme coin has also become a trending topic on the major social platforms globally.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.