Yesterday, Donald Trump has officially launched his meme token

Yesterday, Donald Trump has officially launched his meme token, $TRUMP, via his Truth Social account, directing users to a website with the domain “gettrumpmemes.”

Concerns about a potential scam were dismissed after Trump confirmed the token’s authenticity.

Within less than 24 hours of its launch, it has reached $3.6bn market cap, and its fully diluted valuation (FDV) has surged to $18bn.

TRUMP’s main liquidity pool on Meteora ranked second in protocol revenue over the past day, generating $12.2m, second only to Tether.

The token’s rapid adoption continues with listings across major exchanges.