What is TRUMP and how do I trade it?
Learn all about Trump’s crypto coin, including how it works, TRUMP vs MELANIA, and how to trade TRUMP/USD via CFDs.
What is TRUMP?
TRUMP, alternatively ‘$Trump’ or ‘Trump coin’, is a decentralised cryptocurrency created by CIC Digital LLC and Fight Fight Fight LLC and endorsed by Donald Trump. Launched on 17 January 2025, three days before Trump’s inauguration as the 47th President of the United States, TRUMP coin features his likeness as its core branding.
Considered a ‘memecoin’, TRUMP’s branding as a ‘presidential coin’ adds a distinctive political dimension, setting it apart in the world of cryptocurrency. Within days of its initial release, TRUMP gained a market capitalisation of over $10 billion and ascended to the top 20 largest cryptocurrencies on CoinMarketCap.
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TRUMP vs MELANIA: What are the differences?
MELANIA is another cryptocurrency, released by Melania Trump in January 2025. TRUMP and MELANIA exist in the same ‘political memecoin’ ecosystem, but they have some differences:
|
TRUMP |
MELANIA |
|
|
Launch date |
17 January 2025 |
19 January 2025 |
|
Cryptocurrency |
TRUMP |
MELANIA |
|
Mascot |
Donald Trump |
Melania Trump |
|
Blockchain |
Built on Solana, SPL token standard. |
Built on Solana, SPL token standard. |
|
Maximum token supply |
1 billion tokens, with 200 million in circulation initially. |
500 million tokens, with an initial release of 100 million tokens. |
|
Use case |
Memes, trading, political symbolism. |
Supporting charitable initiatives, trading. |
|
Focus |
Memecoin-centric, with ambitions of integrating into political fundraising and merchandise sales. |
Combines charitable giving with a smaller memecoin presence. |
|
Market capitalisation |
Over $10 billion within days of launch.* |
Approximately $2 billion in its first week.* |
|
Inflation model |
Deflationary, with periodic token burns reducing supply over time. |
Semi-deflationary, with a portion of each transaction donated to charity or burned. |
*Based on January 2025 data from CoinMarketCap.
Discover MELANIA coin and how it works – Read our comprehensive MELANIA trading guide.
How does TRUMP work?
TRUMP is built on the Solana blockchain using the ‘SPL’ token standard. This ensures cryptographically-secured TRUMP transactions and compatibility with decentralised applications (dApps) in the Solana ecosystem.
TRUMP coin’s parent blockchain, Solana (SOL), operates as a high-performance proof-of-stake blockchain, utilising a combination of proof-of-stake (PoS) and proof-of-history (PoH) to secure the network and process transactions efficiently. Validators stake SOL (the native token of Solana) to maintain the network's integrity.
TRUMP’s total supply is capped at one billion tokens, with an initial release of 200 million tokens to the public. CIC Digital LLC and Fight Fight Fight LLC hold 80% of the total supply. The remainder of TRUMP’s supply is scheduled for release over the next three years.
Learn more about memecoins
Read our comprehensive memecoin trading guide.
Learn more about Solana blockchain
Read our comprehensive Solana (SOL) trading guide.
What’s the TRUMP price history?
TRUMP coin made an immediate impact on the cryptocurrency market following its launch on 17 January 2025, achieving a market capitalisation exceeding $10 billion within days.
Past performance isn’t a reliable indicator of future results
TRUMP coin gained immediate traction in its initial hours of trading on 17 January 2025. Its price rose significantly the next day, when more exchanges introduced TRUMP for trading.
On 18 January 2025, TRUMP’s price rose above $10 by 6am, over $20 by 10am, and above $30 by 4pm. It traded in a range of $20-$30 for the remainder of the day. Then, on 19 January 2025, TRUMP’s price started to increase again; breaking above $30 by 4am, over $40 by 7am, and culminating in an all-time-high of $75.35.
TRUMP’s price decreased at this point, and, as of writing, shows consistent volatility.
Which factors might influence the TRUMP live price?
TRUMP’s live price is influenced by a combination of market trends, social dynamics, and external events, reflecting both opportunities and challenges.
Political events and endorsements
As a politically branded memecoin, TRUMP may be directly impacted by developments in the political sphere. Positive events, such as Donald Trump’s endorsements, public appearances, or announcements of initiatives tied to the coin, may boost demand and drive up the price. Conversely the token's close association with Trump also exposes it to risks, such as political controversies, unfavourable media coverage, or divisive opinions – potentially leading to price decreases and increased volatility.
Social media trends and hype
Social media plays a role in driving interest and price activity for TRUMP. Viral memes, influencer endorsements, and trending hashtags can significantly elevate its visibility and demand. However, TRUMP’s dependence on online buzz makes it vulnerable to waning interest or shifts in sentiment, which could lead to declines in price or stagnation over time.
Broader cryptocurrency market trends
TRUMP’s performance can align with broader cryptocurrency market movements. During bullish periods, increased risk appetite among traders can fuel TRUMP’s price growth as traders seek speculative opportunities. In bearish markets, TRUMP may face downward pressure as traders turn to more established or stable assets, highlighting its susceptibility to market-wide sentiment shifts.
Solana network performance
As a token built on the Solana blockchain, TRUMP’s utility and appeal align with the network’s performance. Low transaction fees and high speed can make TRUMP transactions efficient and attractive to traders. Meanwhile, network congestion, security concerns, or technical issues within Solana could deter trading activity and negatively affect TRUMP’s price.
Media coverage and public perception
Media coverage can amplify the potential benefits and risks of TRUMP. Positive stories, such as its deflationary model or high-profile endorsements, can generate enthusiasm and attract new traders. Conversely, negative press – such as critiques of its association with political figures or concerns about centralisation – could impact trader confidence and reduce demand.
Speculative trading and whale activity
TRUMP, like other memecoins, relies on speculative interest, which can lead to substantial price swings. Large trades by major holders, or ‘whales,’ can cause significant upward or downward movements, creating potential opportunities for short-term gains. However, this high level of speculation also introduces risks, as sudden shifts in sentiment or trading volumes may lead to price fluctuations.
What are the TRUMP trading hours?
TRUMP operates on a decentralised blockchain network that is active 24 hours a day, seven days a week. This means you can trade TRUMP at any time, including weekends and holidays.
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Cryptocurrency exchanges – many exchanges facilitate 24/7 trading, allowing for continuous market participation.
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Online trading platforms – some reliable and trusted brokerages provide TRUMP trading via CFDs.
If you choose to trade CFDs, you can follow the TRUMP performance live in US dollars with our comprehensive TRUMP/USD price chart.
Monitoring the cryptocurrency’s activity can help you to keep an eye out for any key fundamental or technical events that may affect short-term movements in its value.
How to buy and trade TRUMP
TRUMP is a cryptocurrency, meaning that you can trade it directly on a cryptocurrency exchange or through peer-to-peer transactions. You can also choose to trade TRUMP via a derivative, a financial product that takes (or ‘derives’) its value from the price of the underlying asset.
You could use a contract for difference, or CFD, to trade on the price of TRUMP pairs. A CFD is a contract, typically between a broker and a trader, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.
You can use CFDs to trade on whether you think a TRUMP pair will rise (called ‘going long’) or fall (‘going short’). CFDs give you access to leverage, allowing larger positions with a relatively small outlay. This amplifies your potential profits, but also your potential losses, making CFD trading risky.
You can learn more about trading cryptocurrencies with Capital.com in our comprehensive guide to cryptocurrency trading.
Aside from CFDs, you can also trade TRUMP pairs through instruments like futures, options, ETFs, and mutual funds. Each offers an alternative to the leveraged trading of CFDs, suiting different risk profiles and strategies.
