#AnimecoinOnBinance
Donald Trump has launched his own cryptocurrency called $TRUMP, which has taken the crypto world by storm. The token's price surged to over $75 at one point, with a market capitalization of over $9 billion. It's currently trading at around $40, a 534% price increase since its launch ¹.
$TRUMP is built on the Solana network and has a supply cap of 1 billion tokens. Nearly 80% of its supply is held by the Trump Organization affiliate CIC Digital and Fight Fight Fight LLC, subject to a three-year unlocking schedule.
Interestingly, a new memecoin called $MELANIA was launched soon after, which reached $13.73 with a market cap of $1.08 billion within hours of launch. Both $TRUMP and $MELANIA operate on the Solana network.
It's worth noting that Trump's support for crypto has been seen as a driving factor in the recent rise in crypto prices. His administration has also been vocal about establishing a national Bitcoin stockpile ¹.