Key Insights:
Donald Trump launched an official memecoin a day before his presidential inauguration.
CIC Digital and FFF LLC were associated with the launch.
The launch impacted Solana, creating network congestion.
At press time, TRUMP commands a market cap of $11.5 billion and $MELANIA commands a market cap of $2 billion.
With less than a day left before Trump assumes office, the new memecoin seems like Trump's way of letting people know that he has not forgotten his promises. Further, with the altcoin season, everyone has their eyes on the next big memecoin.
Being a top celeb memecoin, people have been actively searching for ways to buy it. Hence, we have brought you three ways you can buy the $TRUMP memecoin securely and privately.
In the 2024 US presidential election run-up, Donald Trump called out Biden's anti-crypto stance, calling the SEC's activities an anti-crypto crusade under Biden. Trump further promised to create a fair regulatory system and kick Gary Gensler out of his office.
You can easily buy TRUMP from a Solana DEX like Raydium or Jupiter. Just get some SOL or any Solana-based cryptocurrency (even memecoins) to swap them with $TRUMP.
$TRUMP on Raydium
Raydium DEX
Get some Solana, enough to let you buy your desired amount, plus the gas fee.
Visit Raydium or Jupiter Exchange.
Connect your wallet.
Search for $TRUMP and swap.
Sign the transaction to execute it.
You now have $TRUMP in your wallet.
Alternatively, you can also get some $TRUMP from a centralized exchange like Coinbase, which has listed the crypto today.
Coinbase Lists $TRUMP
Coinbase
Go to Coinbase.
Get your KYC done if you have not done it already.
In the search bar, enter TRUMP.
Click on buy.
Select the payment method and pay the price using a card, crypto, or cash.
You now have $TRUMP in your Coinbase wallet, which you can choose to transfer to your wallet or keep in your Coinbase account.
At this stage, it is likely that some people who had bought TRUMP earlier might be looking to sell it in a private and secure way using peer-to-peer trading. Several peer-to-peer platforms exist and are attached to exchanges like Binance, OKX, Paxful, KuCoin, etc.
Paxful P2P Platform
Paxful
It is easy these days to trade in a peer-to-peer exchange.
Get some cash in a wallet like PayPal.
Go to a P2P exchange.
Choose TRUMP.
Enter a trade by placing an ad.
Respond to messages seeking to sell you TRUMP.
Click on an appropriate profile and trade.
Be careful of scammers who lure you to pay without sending you anything.
$TRUMP was launched by CIC Digital, a company where the Trump family owns a considerable share. The memecoin is being touted as the brainchild of Eric Trump, who has already seen some success with World Liberty Financial, his DeFi venture.
TRUMP Rallies 1071% In a Day
CoinMarketCap
$TRUMP memecoin was launched on the Solana blockchain and is available to trade on major exchanges and DEXs. Over the last 24 hours preceding the press time, it's price skyrocketed by 933%, from $7 to $67.
At press time, it was the 16th largest crypto, with a market cap of $13.12 billion and a trading volume of $28 billion in the last 24 hours. The rise of $TRUMP to the 16th largest crypto in a single day marks the largest single-day rally in the history of crypto markets (by a major project).
The combined market cap of TRUMP and MELANIA was at $13.5 billion.
After the launch of $TRUMP, the two organizations behind it, i.e., CIC Digital and FFF LLC, launched the Official Melania Meme crypto that rose from $7 to $13.7. Later, it corrected to $11.61 at press time.
Official Melania Memecoin
CoinMarketCap
The memecoin duo also impacted Solana, taking down its Jito Block Engine, which resulted in network congestion yesterday.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.