Trump announced the launch of his own cryptocurrency

19.01.2025/08/49 XNUMX:XNUMX    217


Trump announced the launch of his own cryptocurrency

US President-elect Donald Trump announced on Saturday the launch of his own cryptocurrency – the $TRUMP memecoin.

As Ukrinform reports, the politician wrote about this on the social network X.

“It’s time to celebrate everything we stand for: winning! Join my very special Trump Community (ed.). Get your $TRUMP now,” the politician wrote in the post.

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The project website states that 200 million coins will be available for purchase on the first day, while the supply will increase to 1 billion within three years.

According to CNBC, the market capitalization of the $TRUMP memecoin grew to a staggering $8 billion less than three hours after the announcement.

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It is reported that trading volumes approached $1 billion and the coin’s value increased by over 300% in a few minutes. The price of $TRUMP subsequently reached $7,1 USD compared to the initial $0,18.

According to CoinMarketCap, as of 18:21 p.m. Indian Standard Time (IST), Trump coins were trading at $21,51, representing a price increase of over 231%.

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Photo: Getty Images


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