$TRUMP Trump's cryptocurrency rises 28000% in 36 hours and his wealth could multiply 10 times. The Trump coin was launched just days before his second inauguration.
The market value of the coin reached $15 billion at its peak before stabilizing at $7 billion.
The initial trading saw the coin rise to $74.59.
In an unprecedented move blending politics and the world of digital finance, elected President Donald Trump unveiled a new digital currency $TRUMP, just days before his second inauguration. The coin, launched on Friday, quickly became a focal point in the cryptocurrency market, highlighting Trump's alignment with unconventional methods to energize his base and spark global interest.
A bold launch of a digital currency
Trump's coin first appeared in posts from the American president on his social media platform Truth Social and on X (formerly Twitter). Its official site describes it as a digital currency for resilience and a rallying cry following an assassination attempt on Trump in July 2024. The design of the digital coin features Trump with a raised fist and the words "FIGHT FIGHT FIGHT", referencing his response to the assassination incident in Butler, Pennsylvania.
