{"id":15526,"date":"2025-01-19T12:59:37","date_gmt":"2025-01-19T12:59:37","guid":{"rendered":"https:\/\/used82.com\/?p=15526"},"modified":"2025-01-19T12:59:37","modified_gmt":"2025-01-19T12:59:37","slug":"over-500-people-became-millionaires-in-less-than-24-hours-after-investing-in-donald-trumps-new-cryptocurrency","status":"publish","type":"post","link":"https:\/\/used82.com\/?p=15526","title":{"rendered":"Over 500 people became millionaires in less than 24 hours after investing in Donald Trump’s new cryptocurrency"},"content":{"rendered":"

President-elect Donald Trump\u2019s memecoin has made 525 people richer than rich<\/h2>\n

People have become millionaires after investing in US President-elect Donald Trump\u2019s memecoin.<\/strong><\/p>\n

If you\u2019ve not been keeping a close eye on the\u00a0cryptocurrency<\/a>\u00a0market lately, you\u2019ll have completely missed the fact that\u00a0Trump<\/a>\u00a0released his $Trump memecoin as he prepares to take office and become inaugurated tomorrow (January 20).<\/p>\n

The soon-to-be 47th president of the\u00a0US<\/a>\u00a0sent out a tweet from his official Truth Social, his\u00a0social media<\/a>\u00a0platform account, telling his followers to join him in \u2018winning\u2019 to celebrate his presidency.<\/p>\n

The website said: “This Trump Meme celebrates a leader who doesn’t back down, no matter the odds.\u201d<\/p>\n

However, it came with a disclaimer to confirm that the coin is \u2018not intended to be, or the subject of\u2019 an investment opportunity and it\u2019s also \u2018not\u00a0political<\/a>\u00a0and has nothing to do with\u2019 any campaigns, persons or offices.<\/p>\n

\n
\"Donald<\/div>\n

Donald Trump’s memecoin has reached new heights of success (Photo by Nathan Posner\/Anadolu via Getty Images)<\/cite><\/div>\n

It states that it is not intended to be an \u2018expression of support for, and engagement with, the ideals and beliefs embodied by the symbol $TRUMP\u2019 and it\u2019s also not \u2018intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type\u2019.<\/p>\n

Co-ordinated by CIC Digital LLC, which is an affiliate of the Trump Organization, the meme coin did something that many could not have anticipated- it skyrocketed into the billions overnight.<\/p>\n

Within just six hours, it went from a few cents to $14, and it just kept climbing from there.<\/p>\n

Hours after its launch, the market capitalisation was nearly $5.5bn, as per CoinMarketCap.com, making 500 traders millionaires thanks to their investments.<\/p>\n

While only some 200 million coins have been issued, the website stated that 800 million will be released in the next three years for traders to snatch up.<\/p>\n

But while many have become super rich thanks to their investments, others have accused Trump of benefiting from the coin.<\/p>\n

Nick Tomaino, a crypto venture capitalist, said on social media: “Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it.”<\/p>\n

\n
\"The<\/div>\n

The $Trump coin made 525 people millionaires (CFOTO\/Future Publishing via Getty Images)<\/cite><\/div>\n

According to SolanaFloor, a news site which reports on digital finance, wrote on\u00a0X<\/a>: \u201cA trader is up $29.8M on $TRUMP, Donald Trump\u2019s official memecoin on Solana. He spent $1.09M to buy 5,971,750 TRUMP coins, now worth $30.8M in under 2 hours\u2014a 2,634% gain. The trader has not sold any coins yet.\u201d<\/p>\n

At the time of writing, the memecoin has become the second largest on the market, with a 272 per cent increase in investment.<\/p>\n

According to onchain data, it had over $3 billion in trading volumes within hours of it going live, it boasted a $2 billion market capitalization and it even brought in early buyers over $70 million in paper gains, and around $1 million for the smaller traders.<\/p>\n

As this is the first time a president has given their likeness to a memecoin, it\u2019s a pretty big deal in the crypto world.<\/p>\n

According to a screenshot of traders, over 525 people became $TRUMP millionaires in less than 24 hours of investing in the coins.<\/p>\n","protected":false},"excerpt":{"rendered":"

President-elect Donald Trump\u2019s memecoin has made 525 people richer than rich People have become millionaires…<\/p>\n","protected":false},"author":1,"featured_media":15527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"views":210,"_links":{"self":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/15526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15526"}],"version-history":[{"count":0,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/15526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/media\/15527"}],"wp:attachment":[{"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}