Donald Trump launches Meme coin ahead of inauguration

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President-elect Donald Trump has caused a stir in the cryptocurrency world by launching a new meme coin, $TRUMP, just days before his inauguration. 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. Visit https://t.co/GX3ZxT5xyq — and have fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 The token’s market cap soared to $5 billion, driven by a 300% price surge to nearly $29, according to CoinMarketCap and Forbes above. Trump announced the currency's debut on Truth Social, emphasizing that it was in celebration of his election victory and upcoming inauguration. This Meme currency was developed on the Solana blockchain, with a cap of 200 million at the time of issuance, and plans to expand to 1 billion in the next few years. the next three years. Trump’s companies CIC Digital LLC and Fight Fight Fight LLC own the remaining 80% of the tokens, but these tokens have not yet been publicly issued. Both will reportedly benefit from trading revenue, but the exact amount has not been disclosed. An important disclaimer on the coin’s website makes it clear that $TRUMP is not a political tool or investment vehicle, but merely a “victory celebration.” Nonetheless, the currency’s trading volume has reached $6.64 billion since its launch. Trump’s cryptocurrency investments are not new. His previous support for cryptocurrencies and his commitment to making the United States the “crypto capital of the planet” were evident throughout his campaign. His push for crypto-friendly policies, including executive orders prioritizing the industry, has caused Bitcoin prices to soar. Beyond cryptocurrencies, Trump has continued to expand his brand with high-priced merchandise, including NFTs, watches and limited-edition guitars, which have collectively earned him millions. Like this: Like Loading… Discover more from Baller AlertSubscribe to get the latest posts delivered to your email.

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