People have become millionaires after investing in US President-elect Donald Trump’s memecoin.

If you’ve not been keeping a close eye on the cryptocurrency market lately, you’ll have completely missed the fact that Trump released his $Trump memecoin as he prepares to take office and become inaugurated tomorrow (January 20).

The soon-to-be 47th president of the US sent out a tweet from his official Truth Social, his social media platform account, telling his followers to join him in ‘winning’ to celebrate his presidency.

The website said: “This Trump Meme celebrates a leader who doesn’t back down, no matter the odds.”

However, it came with a disclaimer to confirm that the coin is ‘not intended to be, or the subject of’ an investment opportunity and it’s also ‘not political and has nothing to do with’ any campaigns, persons or offices.

Donald Trump’s memecoin has reached new heights of success (Photo by Nathan Posner/Anadolu via Getty Images)

It states that it is not intended to be an ‘expression of support for, and engagement with, the ideals and beliefs embodied by the symbol $TRUMP’ and it’s also not ‘intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type’.

Co-ordinated by CIC Digital LLC, which is an affiliate of the Trump Organization, the meme coin did something that many could not have anticipated- it skyrocketed into the billions overnight.

Within just six hours, it went from a few cents to $14, and it just kept climbing from there.

Hours after its launch, the market capitalisation was nearly $5.5bn, as per CoinMarketCap.com, making 500 traders millionaires thanks to their investments.

While only some 200 million coins have been issued, the website stated that 800 million will be released in the next three years for traders to snatch up.

But while many have become super rich thanks to their investments, others have accused Trump of benefiting from the coin.

Nick Tomaino, a crypto venture capitalist, said on social media: “Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it.”

The $Trump coin made 525 people millionaires (CFOTO/Future Publishing via Getty Images)

According to SolanaFloor, a news site which reports on digital finance, wrote on X: “A trader is up $29.8M on $TRUMP, Donald Trump’s official memecoin on Solana. He spent $1.09M to buy 5,971,750 TRUMP coins, now worth $30.8M in under 2 hours—a 2,634% gain. The trader has not sold any coins yet.”

At the time of writing, the memecoin has become the second largest on the market, with a 272 per cent increase in investment.

According to onchain data, it had over $3 billion in trading volumes within hours of it going live, it boasted a $2 billion market capitalization and it even brought in early buyers over $70 million in paper gains, and around $1 million for the smaller traders.

As this is the first time a president has given their likeness to a memecoin, it’s a pretty big deal in the crypto world.

According to a screenshot of traders, over 525 people became $TRUMP millionaires in less than 24 hours of investing in the coins.

UNILAD contacted Donald Trump’s representatives for comment.

The Bishop of Washington has issued a response to Donald Trump’s five-word comment after she asked him to ‘have mercy’ on LGBTQ+ people and migrants.

President Trump certainly hasn’t wasted any time getting his feet under the table since returning to The White House on Monday (January 20).

Within just his first 24 hours in the Oval Office, Trump signed off a number of executive orders, including a policy stating there are ‘only two genders’ alongside many orders blocking migrants from being able to enter the US.

Right Rev. Mariann Edgar Budde asked the president to show ‘mercy’ to LGBTQ+ people and migrants during a service at the Washington National Cathedral following Trump’s inauguration.

Making ‘one final plea’ with the president, Right Rev. Budde said: “Mr President, millions have put their trust in you. And as you told the nation yesterday, you have felt the providential hand of a loving God.

“I the name of our God, I ask you to have mercy upon the people in our country who are scared now. There are gay, lesbian and transgender children in Democratic, Republican and Independent families, some who fear for their lives.

Donald Trump has wasted no time signing off on multiple executive orders (Anna Moneymaker/Getty Images)

“And the people, the people who pick our crops and clean our office buildings, who labour in poultry farms and meat packing plants, who wash the dishes after we eat in restaurants and work the night shifts in hospitals – they may not be citizens or have the proper documentation, but the vast majority of immigrants are not criminals.”

The bishop concluded her emotional speech by asking Trump once more to ‘have mercy on those in our communities whose children fear that their parents will be taken away’ and for the president to ‘help those who are fleeing war zones and persecution in their own lands to find compassion and welcome here’.

Well, Trump quickly responded to the personal address, dubbing it ‘not too exciting’ and that he ‘didn’t think it was a good service,’ before concluding: “They could do much better.”

Right Rev. Bubble has since responded to the comments made by President Trump in an interview with CNN.

She said: “[I was] reminding us all that the people that are frightened in our country, the two groups that I mentioned, are our fellow human beings, and that they have been portrayed all throughout the political campaign in the harshest of lights.

Right Rev. Budde issued a ‘plea’ to the president (CBS News)

“I wanted to counter, as gently as I could, with a reminder of their humanity and their place in our wider community.”

The bishop continued: “I was speaking to the president because I felt that he has this moment now where he feels charged and empowered to do what he feels called to do, and I wanted to say there is room for mercy. There is room for a broader compassion.

“We don’t need to portray with a broad cloth in the harshest of terms some of the most vulnerable people in our society, who are in fact our neighbors and our friends.”

A body language expert has shared her thoughts on how Donald Trump and JD Vance really felt when bishop Mariann Budde asked them to ‘have mercy’ on members of the LGBTQ+ community as he regains power of the country.

The Right Rev Mariann Budde made her comments at a church service held Tuesday January 21, the day after Trump was sworn in on January 20, just a day after he signed an order officially declaring there are only two sexes.

The church service is a traditional part of inauguration day in the United States, and Trump was joined by his vice president, Vance, as Budde gave her sermon at St. John’s Church in Washington, DC.

Budde aimed her comments towards the new leaders of the United States as she said: “Let me make one final plea, Mr President. Millions have put their trust in you, and as you told the nation yesterday you have felt the providential hand of a loving God.

“In the name of our God, I ask you to have mercy on the people in our country who are scared now. There are gay, lesbian and transgender children in Democratic, Republican and independent families, some who fear for their lives.”

Trump and Vance seemed to give little away as they listened to Budde, but body language expert Judi James has shared her insights after watching the scene and revealed the new president did in fact ‘leak out’ some feelings.

Trump attended the church service before his inauguration (JIM WATSON/AFP via Getty Images)

Speaking to The Mirror, she said: “Trump’s first roasting came early and from the unexpected source of a pulpit. As the bishop begged for mercy for immigrants, transgender and gay children etc there was a bristling among Trump’s group as a whole.

“Trump managed something close to a poker face but he managed to leak out feelings of impatience and brewing irritation via some of his subtler non-verbal signals.”

According to James, Trump begins by ‘implying he is going to keep his thoughts to himself via a cut-off gesture as he glances downward’.

She continued: “When the bishop talks about ‘people who pick crops and labour in poultry farms’ he taps his order of service in a metronomic ritual of impatience. His mouth falls slightly open and then his jaw slews to the right and he turns his torso to look to the side in the most emphatic reaction before looking down at his program again.”

Trump and Vance kept their faces neutral at the service (C-Span)

When it comes to Vance, James claimed the vice president was ‘more open’ in his response to Budde.

She said: “When the children are mentioned, he glances at his wife in a more obvious gesture of rejection and his eyes come back to the front with a partial, wry smile. He turns to his wife twice then raises his brows in an expression of mock surprise before studying his program. At one point he tries to catch Trump’s eye in a tie-sign signal that suggests a desire to show unity and support.”

Budde has received a lot of praise for her decision to raise her concerns with Trump and Vance directly, with viewers online celebrating her ‘courage’.

A Donald Trump ‘memecoin’ that turned hundreds of people into millionaires took a hit after the incoming First Lady Melania Trump launched a coin of her own.

Because even when you’re about to be put in charge of one of the most powerful countries in the world, there’s still time for a side hustle.

Melania announced the launch of her ‘Official Melania Meme’ in a post on Twitter last night (January 19), just hours after the ‘$Trump’ memecoin was presented to the world.

The coins come as Trump prepares to return to the Oval Office today (January 20), when he will be inaugurated as the 47th president taking over from Joe Biden.

Donald and Melania Trump’s memecoins arrived just before the presidential inauguration (Andrew Harnik/Getty Images)

What is $Trump?

Trump launched his very own cryptocurrency with a post on his Truth Social social media account, where he encouraged followers to join him in ‘winning’ to celebrate his presidency.

A disclaimer on Trump’s website points out that the coin is ‘not intended to be’ an investment opportunity, nor is it a ‘political’ crypto, but instead declared: “This Trump Meme celebrates a leader who doesn’t back down, no matter the odds.”

Trump fans quickly jumped on the bandwagon and bought the coin, and its value soon skyrocketed up to an incredible $14 billion.

Within just six hours, $Trump went from a few cents to $14 and just kept climbing, prompting more than 500 people to declare themselves $TRUMP millionaires less than 24 hours of investing in the coins.

Trump’s memecoin was not advertised as an investment opportunity (X/@realdonaldtrump)

What is $Melania?

Seemingly not wanting her husband to have all the fun, it wasn’t long before Melania announced her own memecoin.

$Melania has been launched on the Solana blockchain, the same as Trump’s, and quickly received interest of its own as its value pushed to more than $5, resulting in a fully diluted market cap of over $5 billion, Forbes reports.

Melania’s memecoin had a negative impact on Trump’s (X/@MELANIATRUMP)

How has $Melania impacted $Trump?

Though cryptocurrency seems to have become a family business in the Trump household, unfortunately, the launch of Melania’s coin initially had some adverse impacts on the incoming president’s crypto as Trump’s memecoin crashed by around 40 percent.

Experts at The Kobeissi Letter, which provides commentary on the global capital markets, described the rapidly changing landscape as ‘insane’.

In a post on Twitter, it wrote: “The coin just erased over $5 billion in market cap in a matter of seconds. $MELANIA coin is being viewed as a competitor against $TRUMP coin. This has resulted in a sharp drop in demand for $TRUMP.”

In spite of the initial impact, Trump didn’t seem to see Melania as a competitor as her social media posts announcing the coin were shared to Trump’s own platforms.

His confidence appears to have paid off as $Trump has since made a recovery, rising up up more than 110 percent from the low it hit after the $Melania launch.