The newly elected US President has officially launched the TRUMPMEME coin, which in just over a day from the start has raised $27 billion and currently has a capitalization of $68 billion.
Trump announced the launch of the cryptocurrency on X and Truth Social. Its official website gettrumpmemes.com is now available. The launch surprised many, and initially some believed that the president’s accounts had been hacked. Skeptics noted that millions of dollars for the project launch came from Binance and Gate, which only serve foreign clients. The coin’s website attributes the project to the same group behind Trump’s NFT. Sources close to the Trump family have confirmed the authenticity of the announcement.
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. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
CoinGecko shows that TRUMP is currently priced at $70 per coin and has been bought up to a total of over $27 billion. The total volume of tokens is valued at $68 billion (likely already over $70 billion). The cryptocurrency has risen 253% in the last 24 hours and over 600% since its launch.
Another crypto project related to Donald Trump, the World Liberty Financial (WLFI) cryptocurrency platform, after a failed launch announced the start of cooperation with Chainlink to expand its ecosystem. Analysts believe the declared loyal approach of the new president’s administration to digital assets and expected changes in the leadership of the Securities and Exchange Commission (SEC) could bring both new advantages and risks to the market.
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