Donald Trump's Meme Coin $TRUMP Surges to $10.7 Billion Ahead of Inauguration

Jan 20, 2025 10:38 PM - 2 weeks ago 22727

According to cryptocurrency search website CoinMarketCap, Donald Trump's meme coin $TRUMP has deed astir $11 cardinal successful marketplace value. At the clip of this writing, it is weighted astatine $52.71, up from little than $10 connected Saturday. It deed a highest astatine $74.59 connected Sunday.

The integer token was launched connected Friday, and its branding includes an image of Trump raising a fist.

Reuters notes that of the full number of tokens, 80% are owned by CIC Digital LLC, an connection of The Trump Organization, and different business called Fight Fight Fight LLC.

The tract of the coin notes that "GetTrumpMemes.com is not governmental and has thing to do pinch immoderate governmental run aliases immoderate governmental agency aliases governmental agency."

Related: Donald and Melania Trump Launch Meme Coins

In 2021, Trump was vocal astir his dislike of crypto, peculiarly Bitcoin. "Bitcoin, it conscionable seems for illustration a scam," Trump said. "I don't for illustration it because it's different rate competing against the dollar."

However, his sentiment has since evolved and he became the first statesmanlike campaigner to judge integer assets arsenic run donations.

Crypto is besides now a family matter for the Trumps.

First Lady Melania Trump besides launched a meme coin, and connected Sunday, Trump's boy Eric posted connected X "Wait until you spot what they do tomorrow!"

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