Trump earned some 350 million dollars thanks to his own memecoin

During the January weekend before his inauguration as president, Donald Trump launched his own memecoin called Official Trump. According to research by the Financial Times, in the first few days after the launch, some $350 million in profits were skimmed off by accounts controlled by the Trump family.

Inauguration

Let’s go back to January 17, 2025. After the stock exchanges closed that Friday evening, the attention of all major media channels focused on one thing only: the planned inauguration of Donald Trump the next Monday. The American president, who with decades of television experience knew exactly when to draw attention to himself, launches his own memecoin called ‘Trump’ that same night.

However the memecoins that were made available to the general public were halved immediately. Some 100 million coins were bought up by a few wallets controlled by the Trump family, and were all transferred before the value of Trump rose to 1 dollar each. In the hours that followed, Donald Trump advertised the memecoin via his own social media and his supporters immediately bought large quantities of this new crypto coin.

Value

The value of the Trump coin rose immediately, reaching $40 on Saturday already. On Sunday the value grew even faster, reaching a top of some $75, until a new meme coin was launched, namely Melania’s. The value of $Trump dropped very quickly, by as much as 50% in an hour. During that period, the wallets that had bought in first sold all their coins for huge profits, until the moment that the demand for purchases dried up.

According to calculations, the Trump family earned some $350 million during that weekend and in the days that followed. The official Trump coin, which made it into the top 15 of CoinMarketCap during the launch weekend, has since dropped to around $13 and is now in danger of falling out of the top 40. Melania’s coin has dropped 92% since the launch.