The 45th President of the United States, Donald Trump, has once again seized the global spotlight, but this time, it’s not for politics.
Two days before taking office, Trump launched his official meme cryptocurrency, $TRUMP.
The numbers from the launch are staggering. With 200 million tokens released initially, the coin’s market capitalization soared to $17 billion in under eight hours. Over 200,000 holders joined the frenzy, and one particularly fortunate trader turned a $883 investment into a staggering $310,000 in just 21 minutes.
Purchasing the TRUMP coin can be done in 4 simple steps. Below is a step-by-step guide to assist you in this process.
Note: The guide is only for educational purposes. Transak does not provide any financial advice. Meme coins are highly speculative and carry significant risk. Do your own research before investing.
Before purchasing TRUMP, you need a wallet that supports the Solana blockchain. Phantom and Trust Wallet are popular options for Solana assets. Ledger is a popular choice among hardware wallets.
Let’s use Phantom wallet for the purposes of this guide.
What is a wallet address? Read here.
To acquire TRUMP coin, you'll first need to purchase SOL, the native token of the Solana blockchain, which will be used to exchange for TRUMP coin.
Note: You can also buy SOL within the Phantom app or extension via Transak.
After completing the purchase, verify that the SOL tokens have been successfully transferred to your Phantom wallet.
To swap SOL for TRUMP coin, you'll need the official TRUMP coin contract address.
Contract address for TRUMP: 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
With SOL in your wallet and the TRUMP coin contract address at hand, you can proceed to exchange SOL for TRUMP coin using the wallet’s “Swap” feature.