Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap

Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap


Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap

President-elect Donald Trump recently launched his own meme coin, $TRUMP, which quickly gained significant traction in the cryptocurrency market.

Within hours of its launch, the coin's market capitalization soared to nearly $14 billion, with its value increasing by over 300% .

The coin's price briefly surpassed $75, bringing the total market cap to a peak of $15 billion .

$TRUMP is hosted on the Solana blockchain and has a limited supply of 200 million coins, which will expand to 1 billion over the next three years .

The Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC own 80% of the unreleased tokens, earning revenue from trading activity .

Trump announced the launch on his social media platform Truth Social, calling it his "official meme" and urging supporters to celebrate everything it represents .

The coin's website includes a disclaimer stating that $TRUMP is not an investment opportunity or security and has no connection to Trump's political campaign or government agency .

This move is seen as part of Trump's broader push into the cryptocurrency market. His election victory drove Bitcoin to new heights, surpassing $100,000 shortly after the November 2024 election .

Trump plans to issue an executive order prioritizing cryptocurrency, establishing a Bitcoin reserve, and creating a crypto advisory council to reduce regulatory hurdles 

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BlondGirlForever
BlondGirlForever

I am an expert trader in the financial markets


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