Trump launches his meme coin on the Solana blockchain

Donald Trump appears to have officially launched his own meme coin - TRUMP, built on the Solana blockchain. This move has sparked a frenzy in the cryptocurrency community, given the token's rapid start.

The token's trading volume reached an impressive $759 million in the first few hours, setting an official record for a new project. The token's market capitalisation is already valued at $10 billion.

Notably, 80% of the issued tokens are subject to a three-year vesting period, implying restricted access to these funds over the specified timeframe.