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Two days before Trump's inauguration as President of the United States, his team launched the valueless Meme coin $TRUMP, continuing its previous behavior of selling branded products such as perfume, shoes, and watches during the election.
Within a day and a half of $TRUMP's release, the price surged from less than $1 to over $75, then plummeted. A few early participants made a big profit, while many followers suffered losses. The Trump team made about 58 million dollars just from trading fees.
On January 17th at 21:00, Trump announced the issuance of coins. Players such as 0xSun learned the news and 0xSun relied on the monitoring system to discover that smart money was buying in and the platform was quickly going online. In half an hour, it bought $600,000, becoming one of the first to make big money. On-chain player Moon made a profit of over $1 million, while Bond achieved a 20-fold return with a cost of $1 million. At 21:44, when Trump tweeted, 0xSun had already completed the purchase.
At the time, a celebration party for Trump's inauguration was taking place near the White House, and news of the influx of funds pushed up the market value. Christine saw 0xSun buying in and tried it herself with a small amount, but due to high costs and poor timing, the returns were not good.