What just happened?
— The Kobeissi Letter (@KobeissiLetter) January 18, 2025
At 9:44 PM ET on a casual Friday night, president-elect Trump launched the biggest memecoin in history, $TRUMP.
Since then, the coin is up 9,500% with $2.2 BILLION of volume traded in under 12 hours.
What does this all mean? Let us explain.
(a thread)
In fact, not even Elon Musk was sure that Donald Trump's X account had not been hacked.
— The Kobeissi Letter (@KobeissiLetter) January 18, 2025
Nearly 12 hours later, it is clear that this coin is legitimately launched by Trump.
Donald Trump is now the first president in history to launch a memecoin. pic.twitter.com/2bvJa2NOXN
For example, $100 invested in the S&P 500 in 1994 would be worth $2,250 today.
— The Kobeissi Letter (@KobeissiLetter) January 18, 2025
That's a 2,150% return over the last 3 decades in the index.
Trump's memecoin, $TRUMP, returned +4,000%+ in under 4 hours after it launched last night.
The million Dollar question: Can it hold? pic.twitter.com/vWalXsT1Xr
First, it's important to note that only 20% of MAXIMUM supply is currently on the market.
— The Kobeissi Letter (@KobeissiLetter) January 18, 2025
This means that supply currently stands at 200 million coins.
Over the next 36 months, the remaining 800 million coins can enter supply.
It is believed that Trump holds those 800 million. pic.twitter.com/Qv0g7gC9AV