Kyle Sandilands has revealed how he won a staggering $700,000 in a single night.
The 53-year-old radio host claimed to have invested in Donald Trump’s $Trump cryptocurrency, which is being promoted just days before the presidential inauguration.
The Solana-based meme coin, which is a cryptocurrency named after a supposedly funny individual, is currently being promoted on Trump’s social media.
Speaking on The Kyle and Jackie O Show, Kyle claimed to have made huge profits after investing in the meme coin, which experts say are incredibly risky investments.
Kyle said he invested $10,000 in the $Trump coin over the weekend and has already made $700,000.
“Saturday night, sitting with a couple of guys at my place, let’s say 2 or 3 in the morning, Trump launched his Trump Coin,” he said.
Kyle Sandilands has revealed how he made a staggering $700,000 in a single night after investing in Donald Trump’s new cryptocurrency, $Trump.
“I went in with $10,000 and had won $700,000 when I woke up.”
When asked if he had sold his profits, Kyle insisted that he had not sold and that he had still sold his investment in Trump.
Since the launch of $Trump, some experts have questioned whether hackers were behind the startup and others have criticized meme coins as a very risky investment.
Posts on the accounts Trump’s
Meme coins are cryptocurrencies that are named after a supposedly humorous character, person, work of art, or trend.
Examples include Dogecoin (DOGE), which was created as a satirical payment system to mock cryptocurrencies and features a cartoon version of a cute Japanese Shiba dog named Kabosu that internet users found funny and cute.
Experts say meme coins are incredibly risky investments, but they can prove lucrative, especially for the creators. The market capitalization of meme coins typically runs into the billions.
Following the launch of $Trump, the token’s value has skyrocketed to $13 billion, while trading volumes are approaching $13.6 billion at the time of writing, according to data from GeckoTerminal.

Kyle said he invested $10,000 in the $Trump coin over the weekend and has already made $700,000. Donald Trump pictured on January 19
At the time of this publication, the token was trading at $69.46.
The announcement first appeared on Trump’s Truth Social account, directing his followers to acquire the token through the GetTrumpMemes website.
Shortly after, a similar post arrived on his X account.
The post, which featured an image of the token showing Trump’s right fist in the air with the slogan Fight, Fight, Fight, read: “My new official Trump meme is here!” It’s time to celebrate everything we stand for: winning!
‘Join my very special Trump community. Get your $Trump now. Go to ‘Have Fun!’
According to the GetTrumpMemes website, the fungible token is “an official Trump product” and can be purchased through Moonshot or more traditional payment methods.
Features an image of the president-elect moments after an assassination attempt at a campaign rally in Butler, Pennsylvania, on July 13, 2024.
The site revealed that the tokens are minted through the Solana crypto platform and in three years, a total of one billion Trump dollars will be available.

The Solana-based meme coin, which is a cryptocurrency named after a supposedly funny individual, is currently being promoted on Trump’s social media accounts.
The post appearing on Trump’s X account has garnered tens of thousands of comments among his 97.6 million followers, with some wondering if the incoming president had been hacked.
One wrote: ‘This must be a scam.’ Please don’t be honest,” while another simply asked: “Account hacked?”
Others, however, welcomed the idea that $Trump could be a good investment move.
One follower said: ‘Put all your life savings into $TRUMP in Solana and you could end up like him!’
Experts have also begun to wade into the debate over whether the project is real or the result of hackers gaining access to Trump’s social media accounts.
Cryptocurrency enthusiast Slorg of the Jupiter cryptocurrency exchange said that $TRUMP has been verified. Crypto report information.
‘I don’t like tweeting about coins, and in no way is this a promotion. But to keep people safe, this is Trump’s real currency. We have approved it for Jupiter’s strict list.
Meanwhile, Polymarket, used by cryptocurrency traders to predict outcomes and track current trends, shows only a 3 percent chance that Trump’s accounts have been hacked.

The token is inspired by an image of the president-elect in the moments after an assassination attempt at a campaign rally in Butler, Pennsylvania, on July 13, 2024 (pictured).
Meme coins have gained popularity in recent years. Apart from Dogecoin, other examples include tokens based on the cartoon frog Pepe (PEPE), Peanut the Squirrel (PNUT), an orphan squirrel euthanized by New York officials, and MOO DENG, which is based on a pygmy hippopotamus from Thailand that went viral because of his cheeky energy.
James Ramsden KC, a leading voice in cryptocurrency and digital asset litigation and founding partner of law firm Astraea, called meme coins a “dangerous illusion” and a “total scam.”
He recently told MailOnline: “I wouldn’t go near them. It is an illusion that is quite dangerous.
‘It’s just a very speculative financial bet that is almost completely at the mercy of the people who have launched it.
‘I think this is a complete scam. It has no value or purpose. I am as worried about them as I am about any digital asset.
‘I don’t think you can call them that at all. It depends on algorithmic interaction on social networks. It’s a very weak way to approach the value of anything.
‘It’s not the meme coins that attract people to a site, it’s what’s fun, what’s interesting, meme coins simply measure the number of visits (a site or an idea) receives.’
Anyone can create a meme coin, and unlike more traditional cryptocurrencies like Bitcoin, they cannot be mined. Instead, a finite number is released and the owner keeps a certain amount.
If its popularity increases by going viral, then the owner can sell his meme coins, generating income for himself, although this in turn could destroy the value for investors.