Donald Trump launches meme coin just before inauguration, price soars!
The $TRUMP coin was trading at $$ 30.48, with a 369% jump in value in 24 hours.
US President-elect Donald Trump launched his own cryptocurrency on Friday night (17). The $TRUMP meme coin surged to $$ 6 billion in market value by Saturday afternoon (18), with most of it held by Trump and his businesses.
The launch comes just before Trump's inauguration on Monday (20). Trump will reportedly issue executive orders on bitcoin and the crypto industry on or shortly after his first day. He is expected to adopt a lighter regulatory touch. During the campaign, Trump also said he would create a strategic bitcoin reserve.
