OFFICIAL TRUMP Success Stories 24 Hours After Launch

TL:DR;

• Inside simply over a day after its launch, the Trump-backed and endorsed meme coin has already created quite a few success tales of buyers getting in on the proper time and (some) getting out.
• However, meme cash stay extremely unstable and dangerous belongings, and buyers must be cautious earlier than allocating funds to them.

The president-elect shook all the crypto market on Friday evening when he announced the launch of the OFFICIAL TRUMP (TRUMP) meme coin and invited his thousands and thousands of followers and supporters to affix his neighborhood.

Regardless of the controversial launch and fears a few potential hack or a rip-off, the token turned an in a single day sensation. Its value is now value $40, whereas its market capitalization has soared previous $8 billion, making it the third-largest meme coin, sitting behind solely DOGE and SHIB.

With this exceptional rise in worth inside mere hours, the variety of success tales for merchants who got in early (presumably insiders) and have already offered some parts to seize huge earnings has gone via the roof.

Turned $1.1M into $70M in simply 4 hours—unimaginable!

This dealer has offered 1.35M $TRUMP for $3.65M, and nonetheless holds 4.62M $TRUMP($67.5M), bringing his whole revenue to over $70M!https://t.co/m1k6zmKgLA pic.twitter.com/U3IeU23PER

— Lookonchain (@lookonchain) January 18, 2025

After the preliminary shopping for spree, extra data emerged later from Lookonchain about deposits to giant exchanges, comparable to OKX, the place the identical merchants almost definitely capitalized on the worth rally by promoting off their tokens.

Whale “Fpj236…uVJr” deposited all 1.27M $TRUMP ($43.9M) into #OKX an hour in the past, with a revenue of $29.6M!https://t.co/RN5fXx11CW pic.twitter.com/4HyHZSHgou

— Lookonchain (@lookonchain) January 19, 2025

One of many extra well-known merchants, which Lookonchain called ‘legendary,’ made $6.8 million on the TRUMP token inside a day after securing a $12.5 million revenue from BOME final 12 months.

OFFICIAL TRUMP’s launch was a extremely profitable and spectacular story. Nonetheless, not all meme cash have the identical spectacular path. There are millions of such tokens launched every day, and most flip into fast rug pulls, leaving buyers with empty arms. As such, merchants must be cautious when coping with meme cash, even when they’re launched by the upcoming US president.