In less than 24 hours of its launch, the officially launched meme coin of newly elected U.S. president Donald Trump, by the name “Official Trump” ($TRUMP) has broken the internet, gained an astonishing 10,000 % rise and already set the chatter for 2025.
On Saturday morning, Trump took to X to announce launch of his official token, referring to himself as the “crypto president”. Within a few hours of the tweet, the coin picked up pace, failing every single speculation put forward by crypto traders.
Launched at the price of $0.18, $TRUMP quickly gained above $1 during the first trading hour. Its price did not take any break like other memecoins after a standard milestone and kept going higher and higher breaking $10 barrier in the early morning.
Fast forward to the current price, it has gained to a new high of $24.38 before settling near $20 where it is currently trading. DexScreener data shows that TRUMP has recorded a whopping $1.98 billion in 24 hour trading volume.
The current market price shows a gain of over 10,600% since its launch price. It has also managed to accumulate a significant amount of interest from investors with the total holders reaching over 335k, one of fastest in 24 hours.
Price Analysis: How high $TRUMP can go?
As of now, it’s not feasible to predict the future price of TRUMP but given that it has witnessed enormous gain during initial trading hours, several analysts are predicting it to break above $30 to $40 during the weekend.
On Monday, Donald Trump is going to take oath for his upcoming presidential term and this event could significantly affect TRUMP price. For an optimistic scenario, TRUMP could even hit $50 next week if current market sentiment is sustained.