As President Trump moves beyond the first 100 days and delves deeper into his economic agenda, his success can be measured in several ways. Tariff negotiations, stock market responses, and public polling have all reflected his administration’s policy achievements so far. But another financial marketplace is also demonstrating Trump’s appeal: digital currency.
The rise of cryptocurrency and meme coins is the new frontier of financial markets. Trump has been a strong backer of cryptocurrency and has pledged to make America the crypto capital of the world. Now, Trump has applied his famous branding to his own meme coin, $ Trump. The meme coin, called $Trump, has done very well and has been a strong indicator of Trump’s public support. It is traded on the Solana blockchain.
The $Trump coin has a value of $13 a coin, representing a total market value of $2.6 billion. The personalization of the Trump meme coin is both an exercise in his celebrity branding prowess and a reflection of opinion on his presidency. Traders can demonstrate their faith in the strength of the economy and Trump’s proposed plans through the sale or purchase of the Trump coin.
Thus far, the coin’s success has tracked major policy developments of the Trump administration. The coin has shown strong trading in the wake of successful tariff negotiations with other countries and positive developments in border policy.
Trump is set to host a gala dinner with the top 220 holders of the $Trump coin on Thursday at a golf club in Virginia. Major holders of the $Trump coin have expressed enthusiasm about backing the venture and attending the gala. Justin Sun, founder of the blockchain platform Tron, is the top holder of the $Trump coin. In a post on X, Sun thanked President Trump and said he looked forward to attending the dinner.
“Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s gala dinner as his top fan!” Sun said. “As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.”
