The US President-elect Donald Trump, who is taking office in just 2 days, officially launched the $TRUMP crypto meme coin on Solana a few hours ago.
The price exploded over 20x following the launch. At the time of writing, TRUMP is trading at $13.8 with a market cap of $13.8 billion. This makes it a top 20 cryptocurrency globally by market capitalization.
JUST IN: 🇺🇸 President-elect Trump officially launches $TRUMP crypto meme coin on Solana.
— Watcher.Guru (@WatcherGuru) January 18, 2025
In what might be one of the most painful trades of 2025, blockchain analytics platform LookOnChain reported a devastating missed opportunity by one trader. The unfortunate investor sold 4.49M $TRUMP tokens for $3.86M, keeping only 30,000 $TRUMP (worth about $393K) in their wallet.
What makes this particularly painful is that the 4.49M $TRUMP they sold would have been worth an astronomical $67M at the token’s peak. Instead of walking away with a life-changing sum of over $60M, they had to settle for less than $3M in profits.
This guy must be kicking himself right now!
— Lookonchain (@lookonchain) January 18, 2025
He sold 4.49M $TRUMP for $3.86M and now has only 30,000 $TRUMP($393K) left.
The 4.49M $TRUMP he sold was worth over $67M at the peak!
He could have made over $60M, but instead, he’s walking away with less than $3M.… pic.twitter.com/IxURP0FbLj
The explosive growth of $TRUMP has caught many traders off guard, and if the current buying pressure maintains its momentum, we could see this meme coin challenge the market caps of established players like Dogecoin and Shiba Inu. However, as with all cryptocurrency investments, particularly meme coins, the market can be extremely volatile and unpredictable.
This kind of rapid price movement in the meme coin space isn’t unprecedented, but the speed at which $TRUMP has climbed the market cap rankings is remarkable.
Read also: Dogecoin (DOGE) Starts ‘Big Move,’ Expert Predicts Rally to $5
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