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With a Fully-diluted Value (FDV) in excess of $27 billion, the $TRUMP meme coin has just become the incoming US President’s most valuable asset, leaving his namesake media-focused company, Trump Media and Technology Group (DJT), in the proverbial dust.
To wit, the $TRUMP meme coin currently commands a market capitalization of $5.4 billion. However, based on the FDV metric, which multiplies the token price with its theoretical max supply, the meme coin is currently sitting at a very cool $27 billion. This easily eclipses the value of Trump Media and Technology Group, which closed at a market cap of $8.68 billion on Friday.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Do note that president-elect Trump himself announced the launch of the $TRUMP meme coin late on Friday via social media posts. Over the past few hours, the coin has clocked in gains of 319 percent!
On a more granular level, the $TRUMP coin is based on the Solana blockchain. As a quintessential meme coin, the token’s only claim to utility lies in its gateway status to the TrumpCommunity:
Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community – we’re all about fighting for what matters.
200 million $TRUMP meme coins are available for trading at the moment. Over the next three years, this supply will grow to 1 billion coins.
The trumpcoin is a double-edged sword.
On the one hand, it’s single handedly onboarding millions of Americans into crypto. At $26B FDV it’s now also Trump’s most valuable asset. He is now hugely incentivised, more than ever before, to make crypto win in 2025 so trumpcoin keeps…
— Charles Edwards (@caprioleio) January 18, 2025
Of course, given the immense importance that the $TRUMP meme coin now holds for the incoming US president’s net worth, some have been quick to voice their concerns around a supposedly beholden presidency.
Interestingly, we would now hazard a guess that Trump Media and Technology Group, the parent entity of Truth Social, will move into the background for the incoming US president. After all, with just 646,000 daily visits, Truth Social barely makes any money. Bear in mind that Trump Media disclosed just $1 million in revenue and $4.7 million in interest income for the third quarter of 2024.
The $TRUMP meme coin is not the president-elect’s first foray into the nascent crypto sphere. Back in October, the Trump family endorsed a cryptocurrency project, dubbed World Liberty Financial, a DeFi platform of sorts, gaining hefty fees from the sale of $WLFI tokens in the process.
In November, the Financial Times reported that Trump Media and Technology Group (TMTG) was in advanced talks to acquire Bakkt, a dedicated crypto exchange owned by Intercontinental Exchange.
Do you think the launch of the $TRUMP meme coin raises a potential conflict of interest? Let us know your thoughts in the comments section below
