On January 19th, 2025, a new cryptocurrency backed by President-elect Donald Trump, named 'Trump', experienced a dramatic surge in value shortly after its launch.

Built on the Solana blockchain, the cryptocurrency's price increased by 4,200% within its first two hours, achieving a market capitalization of $7.7 billion.

Within a span of less than three hours, the market cap had risen to $8 billion.

Trump utilized platforms like Truth Social and X to promote the coin, urging his followers to purchase it.

The initial trading price was set at $18, which saw significant gains shortly after trading commenced.

Within the first three minutes, the coin’s price increased by 300%.

By 12:45 a.m. EST, the market capitalization escalated to $10 billion.

Three minutes later, it reached $11.6 billion, followed by a surge to $12.5 billion just five minutes after.

The rapid trading activities reflected a volume of nearly $1 billion shortly after Trump's announcement.

Despite concerns regarding the security of Trump's social media accounts during the launch, the cryptocurrency's growth trajectory remained unaffected.

The launch of the 'Trump' coin marks a significant event in the cryptocurrency sector, as it documented growth figures surpassing 40-year returns of the S&P 500 index.

The event underscores the volatile yet potent nature of cryptocurrencies, illustrating how quickly digital currency markets can fluctuate.