Donald Trump‘s official cryptocurrency, $TRUMP, defied gravity once again, surging 8-10% in value despite a major token release event that typically sends prices plummeting.
The April token release, which released approximately 40 million tokens worth $300-320 million into circulation during the Easter holiday weekend, increased the circulating supply by 20% but failed to dampen investor enthusiasm for the memecoin.
Launched on the Solana blockchain in January 2025 after Trump’s announcement on social media declaring it his “official Trump meme,” the cryptocurrency has experienced wild price swings characteristic of the volatile memecoin sector. The token benefits from Solana’s high transaction speeds and minimal fees, making it attractive for rapid trading.
From an initial price around $0.18, $TRUMP skyrocketed to $75 within days, pushing its market capitalization to a staggering $14.5 billion and briefly ranking it as the 19th most valuable cryptocurrency globally.
The recent price jump comes after a brutal correction that saw the token lose approximately 90% of its peak value.
Trading between $7.46 and $8.30 during the release period, the coin’s resilience surprised market watchers who expected selling pressure from the newly released tokens to drive prices lower.
Instead, the token’s value climbed, swimming against the current of typical market dynamics.
“The thin liquidity during the holiday weekend could have amplified the price movement,” noted market analysts, pointing to the $492 million in 24-hour trading volume that accompanied the surge.
The token’s unique release structure reveals that 80% of the 1 billion total supply was initially allocated to Trump-affiliated entities including CIC Digital LLC and Fight Fight Fight LLC.
These holdings are scheduled for gradual release through daily “drip” releases continuing until mid-2028.
With its current market capitalization hovering around $1.64 billion, $TRUMP remains substantially below its post-launch highs but continues to attract substantial trading interest. The token reached its all-time high of $0.003503 on April 5, 2025, showcasing its potential despite recent volatility.
The cryptocurrency’s performance following the April release suggests that despite the dramatic volatility, investor appetite for Trump-branded digital assets remains strong, even as traditional market wisdom would predict otherwise.
According to recent data, the token has a total supply of 46.5 million TRUMP coins with a circulating supply of about 44 million coins.
