WOW. Donald Trump’s memecoin, $TRUMP, DOUBLED overnight and is...
The Kobeissi Letter@KobeissiLetter
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Jan 24, 2025
~3 min read
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WOW.
Donald Trump’s memecoin, $TRUMP, DOUBLED overnight and is currently trading up more than +28,000% in 36 HOURS.
The coin is now up more than the S&P 500 has returned since 1971, or 54 YEARS of returns.
Why did it double overnight? Let us explain.
(a thread)
Donald Trump’s memecoin, $TRUMP, DOUBLED overnight and is currently trading up more than +28,000% in 36 HOURS.
The coin is now up more than the S&P 500 has returned since 1971, or 54 YEARS of returns.
Why did it double overnight? Let us explain.
(a thread)
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The coin is officially trading above $75 for the first time in history.
This puts the total market cap at $15 BILLION with over $2 billion in volume in 24 hours.
Between 12:00 AM ET and 6:00 AM ET prices doubled in $TRUMP.
What happened during the overnight session?
This puts the total market cap at $15 BILLION with over $2 billion in volume in 24 hours.
Between 12:00 AM ET and 6:00 AM ET prices doubled in $TRUMP.
What happened during the overnight session?
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We started seeing a large ratio of buyers to sellers after 12:00 AM ET.
Over the last 24 hours, there have now been ~38,500 seller for every ~13,300 buyers.
That's effectively ~3 sellers for every buyer in this market.
$1.1 billion of buy volume for $850 million of sales.
Over the last 24 hours, there have now been ~38,500 seller for every ~13,300 buyers.
That's effectively ~3 sellers for every buyer in this market.
$1.1 billion of buy volume for $850 million of sales.
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Demand significantly outpaced supply in $TRUMP.
This has made Trump's memecoin the 12th LARGEST crypto currency in the world in under 2 days.
It's now nearly ~$1 billion larger than Chainlink, $LINK, and only ~$5 billion smaller than Tron, $TRX.
This is truly insane to watch.
This has made Trump's memecoin the 12th LARGEST crypto currency in the world in under 2 days.
It's now nearly ~$1 billion larger than Chainlink, $LINK, and only ~$5 billion smaller than Tron, $TRX.
This is truly insane to watch.
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To put this into perspective, this puts $TRUMP up 28,000% since launch.
This outpaces the S&P 500's return since 1971, or 54 YEARS of S&P 500 returns.
Over this period, the S&P 500 has averaged +11% per year.
Not even Bitcoin has seen the rapid growth that we are seeing now.
This outpaces the S&P 500's return since 1971, or 54 YEARS of S&P 500 returns.
Over this period, the S&P 500 has averaged +11% per year.
Not even Bitcoin has seen the rapid growth that we are seeing now.
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Adding to fuel to the fire was Coinbase and Binance's announcements last night.
Both of the world's largest exchanges announced that they would be listing $TRUMP.
Why did it push prices higher?
Because it can WIDEN the gap between buyers and sellers in a tight market.
Both of the world's largest exchanges announced that they would be listing $TRUMP.
Why did it push prices higher?
Because it can WIDEN the gap between buyers and sellers in a tight market.
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And to add even more fuel to the fire, Binance added USD-margined contracts for $TRUMP.
This allows traders to take up to 25 TIMES leverage on the coin.
25x leverage on an asset this volatile is hard to comprehend, be sure to manage your RISK.
These contracts just went live.
This allows traders to take up to 25 TIMES leverage on the coin.
25x leverage on an asset this volatile is hard to comprehend, be sure to manage your RISK.
These contracts just went live.
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Interestingly, since the launch 36 hours ago, Donald Trump has been quiet.
In fact, his only post on X was a repost of his son, Eric Trump.
The post calls $TRUMP the "hottest digital meme on Earth."
At this point we have confirmation Trump is backing the coin, but that's it.
In fact, his only post on X was a repost of his son, Eric Trump.
The post calls $TRUMP the "hottest digital meme on Earth."
At this point we have confirmation Trump is backing the coin, but that's it.
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We are now seeing many transactions with $5 million+ sizing for the first time in $TRUMP.
Most of these transactions have been sales as early investors are cashing out some massive gains.
The most recent purchase was a $5.7 MILLION buy at $63.64 per coin.
Most of these transactions have been sales as early investors are cashing out some massive gains.
The most recent purchase was a $5.7 MILLION buy at $63.64 per coin.
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Traders are posting some massive gains, such as the one seen below:
This trader bought a total of $308,800 of $TRUMP coin.
Their current unrealized gain is $34.9 MILLION.
They have also already cashed out $3.6 million in profit, this volatility is HIGHLY risky.
This trader bought a total of $308,800 of $TRUMP coin.
Their current unrealized gain is $34.9 MILLION.
They have also already cashed out $3.6 million in profit, this volatility is HIGHLY risky.
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According to Arkham Intelligence, Donald Trump has seen a 400% increase in net worth since the launch.
This puts his net worth at ~$28 billion, up from $5.6 billion in November 2024.
Of course, most of this is in illiquid assets as he is currently in the lock-up period.
This puts his net worth at ~$28 billion, up from $5.6 billion in November 2024.
Of course, most of this is in illiquid assets as he is currently in the lock-up period.
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It's going to get more volatile.
For the next 3 months, 0 tokens are set to be released per the emissions schedule.
We are 1 day out from inauguration and Trump is launching a memecoin.
Truly unprecedented.
Follow us @KobeissiLetter for real time analysis as this develops.
For the next 3 months, 0 tokens are set to be released per the emissions schedule.
We are 1 day out from inauguration and Trump is launching a memecoin.
Truly unprecedented.
Follow us @KobeissiLetter for real time analysis as this develops.
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Many are asking where $TRUMP can be traded.
The coin was launched on a platform called "Moonshot," which President-elect Trump mentioned.
These investments are highly risky, please exercise caution.
Access Moonshot at the link below:
bit.ly/42lEQDu
The coin was launched on a platform called "Moonshot," which President-elect Trump mentioned.
These investments are highly risky, please exercise caution.
Access Moonshot at the link below:
bit.ly/42lEQDu
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Volatility is rising in stocks, commodities and bonds.
Our research breaks it down for members.
Subscribe to our premium analysis and alerts at the link below:
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