Trump meme coin reaches $8B market cap in 2 hours amid trading frenzy and authenticity concerns over official social posts.

In the few hours of its launch, the new coin's market cap has reached a whopping $4.25 billion, surging over 240%. The new coin has taken the crypto world by the storm. The Trump meme coin has also become a trending topic on the major social platforms globally.

A coin named Official Trump ($TRUMP) launched on Solana at 2am UTC today and has rocketed to a fully diluted market capitalization of $18 billion,

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.