Donald Trump's newly launched meme coin, Official Trump (TRUMP), has gained attention from crypto enthusiasts due to its over 300% upside momentum and a post made by President-elect Trump. A crypto whale purchased a large amount of TRUMP coins and made a profit of $11.8 million by selling at a higher price. Trump's team has allegedly sold $500 million worth of TRUMP tokens while retaining 85% of the total supply. Despite some profit-taking, TRUMP has experienced a significant price surge and currently trades at $27.75, maintaining a 330% gain in the past 24 hours. Concerns are rising over the potential impact of future token releases on the price.



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