The TRUMP token got off to a spectacular start:
- Within a few hours, it reached a market capitalization of $21.1 billion
- The price rose from 0.18 dollars to over 21 dollars
- The trading volume approached the 1 billion dollar mark
Tokenomics and distribution
The TRUMP token has the following characteristics:
- Total supply: 1 billion tokens
- Available at launch: 200 million tokens
- 80% of the tokens are reserved for "Creator and CIC Digital Groups"
- The remaining tokens will be distributed over three years
Impact on $SOL (-0,7 %)
The launch has positive effects for the Solana blockchain
- SOL price increased by up to 20% within 24 hours
- Solana came more into focus as a platform for memecoins
