$TRUMP meme coin skyrockets 300% hours after launch: Here’s how you can invest in it

$TRUMP Meme Coin, introduced by US President-elect Donald Trump just days before his inauguration as the 47th President of the United States, has made an impressive debut into the cryptocurrency market. Within hours of its launch, the coin skyrocketed by over 300%, hitting a market capitalization of $6.76 billion, according to CoinMarketCap. This sharp rise underscores the growing buzz and interest surrounding the coin. If you're interested in acquiring Trump Meme coins, here's how to get started.

Purchasing Trump Meme coin

Using Moonshot marketplace

Trump recommends using Moonshot, a meme marketplace designed for ease of use. Moonshot accepts payment methods like Apple Pay, Google Pay, debit/credit cards, Venmo, and Solana/USDC. After signing up with an email address, users can receive $TRUMP in minutes.

Buying through brokers or exchanges

Like other cryptocurrencies, Trump Memes can be purchased through brokers or exchanges. Start by creating and verifying an account on a platform that supports $TRUMP. Once verified, deposit funds to make your purchase.

Verification Requirements: KYC/AML compliance

Why verification is needed

Moonshot employs services like MoonPay for transactions, ensuring compliance with Know Your Customer (KYC), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and anti-fraud measures. These checks are mandatory before completing purchases.

Receiving your coins

Once the Buy Order is authorized and verification is completed, the purchased Trump Memes are sent to the buyer’s designated cryptocurrency wallet.

Understanding Trump Memes

Blockchain Network

Trump Meme coins are minted on the Solana blockchain.

What are Trump Memes?

These are fungible crypto assets that function like other digital currencies, allowing for transactions and speculative trading.

Step-by-step guide to acquiring Trump Memes

Set up a wallet

Create a cryptocurrency wallet to securely store your Trump Meme Coins.

Acquire base Cryptocurrency

Purchase base cryptocurrencies like Ethereum (ETH) or Binance Coin (BNB) on popular exchanges to trade for $TRUMP.

Transfer funds to your wallet

Move your base cryptocurrency from the exchange to your wallet for secure storage.

Connect to a Decentralized Exchange (DEX)

Use a DEX to trade your base cryptocurrency for Trump Memes.

Identify a suitable exchange

Not all exchanges list $TRUMP. Check decentralized exchanges or niche centralized exchanges that specialize in meme coins.

Search for Trump Meme coin

Use the coin’s official contract address from trusted sources to ensure you’re purchasing the correct token.

Complete the transaction

Set slippage tolerance: Adjust to account for price volatility.

Enter the Amount: Specify the base cryptocurrency to swap.

Confirm the transaction: Review details before confirming.

Securely store your coins

After the transaction, ensure your wallet displays your Trump Meme Coins for safekeeping.

Whether you choose the Moonshot marketplace or a decentralized exchange, acquiring Trump Memes involves understanding cryptocurrency basics and ensuring secure transactions. With proper steps, enthusiasts can add $TRUMP to their digital portfolios.

$TRUMP market cap hits $6 billion within hours of its release

Donald Trump has ventured into the cryptocurrency market, launching a meme coin named $TRUMP. The coin's debut sent shockwaves through the crypto community, with its market capitalization soaring to nearly $6 billion within hours of its release.

$TRUMP Meme Coin announcement

Trump announced the cryptocurrency on his Truth Social platform and X, describing it as a tribute to his leadership and resilience. Meme coins, often associated with internet trends and personalities, have no intrinsic value but are widely traded for speculative purposes.

"This Trump Meme celebrates a leader who doesn't back down, no matter the odds," reads the coin's official website. It also references the assassination attempt on Trump in July 2024, further bolstering its thematic significance.

Donald Trump and Melania Trump among richest in the world, thanks to meme coin

Skepticism and market reaction

The crypto community initially questioned the coin's legitimacy and its official ties to Trump. Concerns over potential scams circulated widely. However, the use of Trump's verified social media accounts and the involvement of CIC Digital LLC, a company previously linked to Trump’s NFT ventures, reassured investors.

By mid-morning Saturday, $TRUMP had reached a market capitalization of nearly $6 billion, reflecting strong demand despite the initial doubts.

Issuance and future plans

According to the official website, 200 million $TRUMP meme coins were issued in the initial launch. Fight Fight Fight LLC, the company managing the rollout, announced plans to release an additional 800 million coins over the next three years.

Financial details unclear

Neither Trump nor Fight Fight Fight LLC disclosed how much Trump earned from the first batch of meme coins. Market analysts remain curious about the financial implications for Trump and the potential risks for investors in the volatile meme coin market.

The $TRUMP Meme Coin’s rapid rise in the cryptocurrency market highlights the growing fascination with meme coins and their speculative appeal. With its notable market cap and Trump’s endorsement, the coin has generated considerable attention. Although its long-term value remains uncertain, its launch paves the way for further developments in the meme coin and cryptocurrency space.