In just 1 day, Donald Trump’s cryptocurrency grew by 578%. The trading volume of TRUMP Coin exceeded $11 billion per day.
People are calling Trump’s cryptocurrency “memcoin.”
Donald Trump has launched his own cryptocurrency. On the first day, 200 million coins were available to users. Within three years, their number is expected to grow to 1 billion. The newly elected US president was not a fan of crypto. Still, during the election campaign, he promised to make the United States the “crypto capital of the planet.”
As of January 20, the $TRUMP crypto coin is worth more than $50.
According to some US media, the newly elected US President Donald Trump plans to declare cryptocurrency policy a national priority.
The launch of Trump’s crypto coin has caused a huge response in the financial world. No sooner had the news spread than the mem coin’s market capitalization reached $5.74 billion, and the daily trading volume exceeded $11 billion. Crypto enthusiasts have probably shown great interest in this project.
Analysts suggest that Trump’s cryptocurrency could herald a new era in the interaction between politics and digital assets.
In addition, Melania Trump has launched her own meme coin, which reached a market capitalization of $5 billion within the first 30 minutes of launch. The MELANIA meme coin was advertised through Melania Trump’s X account, and more than 25,000 investors bought the token. The meme coin was created to express Melania Trump’s “support” and “involvement” without the intention of being an investment opportunity.
Trump’s daughter may also release her crypto token: a wallet with 80% of TRUMP coins, which has invested $197 million in the new IVANKA coin.