“The new official Trump meme is here! It’s time to celebrate everything we stand for: winning!” Trump wrote in a post on his social media platform Truth Social.
The move comes ahead of Trump's inauguration on Monday, which is widely expected to herald a new era of digital asset adoption.
Trump, who has previously called Bitcoin a “scam,” has vowed that America will be the “cryptocurrency capital of the planet” once he returns to office.
The $TRUMP coin was trading above $71 as of 07:40 a.m. ET (12:40 GMT), giving it a market cap of $14.2 billion, according to CoinMarketCap.
Major cryptocurrency exchanges including Coinbase (COIN) and Binance have said they plan to list the Meme Coin token.
The currency's website said that about 200 million digital tokens have been issued and another 800 million will be issued in the next three years.
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Donald Trump's currency exceeds $14.5 billion... before the inauguration of the US President!
Investing.com
Posted 01/19/2025, 20:12
Donald Trump's currency exceeds $14.5 billion... before the inauguration of the US President!
© Reuters
BTC/USD
1.13%
TRUMP/USD
145.57%
Investing.com - U.S. President-elect Donald Trump announced the launch of his meme coin “$TRUMP” in a post on Truth Social late Friday, which quickly soared to a multi-billion dollar market cap.
“The new official Trump meme is here! It’s time to celebrate everything we stand for: winning!” Trump wrote in a post on his social media platform Truth Social.
The move comes ahead of Trump's inauguration on Monday, which is widely expected to herald a new era of digital asset adoption.
Trump, who has previously called Bitcoin a “scam,” has vowed that America will be the “cryptocurrency capital of the planet” once he returns to office.
$TRUMP was trading above $71 as of 07:40 a.m. ET (12:40 GMT), giving it a market cap of $14.2 billion, according to CoinMarketCap.
Major cryptocurrency exchanges including Coinbase (COIN) and Binance have said they plan to list the Meme Coin token.
The currency's website said that about 200 million digital tokens have been issued and another 800 million will be issued in the next three years.
There are expectations of a severe correction in 2025..This is Buffett's advice to you!
Buffett is known for his ability to weather market adversity in the best possible way and inspired by him, InvestingPro offers the Buffett Stock Strategy, which is made up of stocks in Buffett's portfolio and stocks that fit his investment strategy. These are promising, low-risk stocks that can ensure you outperform the market in times of adversity.
Investor Proposes 100% Tariffs on Any Country That Doesn't Allocate 10% of Reserves to Trump Coin
Investor and economist Peter Schiff said that it took Bitcoin 4 years to reach a market cap of $5 billion, which is what Trump's coin $Trump achieved in two days, surpassing it to $15 billion.
In a sarcastic tone, Peter Schiff suggested that the US government should build a reserve.
A currency strategy that requires all retirement accounts to allocate 10% of their financial capacity to the currency and imposes 100% tariffs on those who fail to allocate $10 of their foreign reserves to Trump currency.
When some accounts responded that a decentralized economic project like Bitcoin should not be compared to a useless meme coin, Schiff responded: “They are both the same.”
The Trump meme coin rose from $0.22 at launch to $75 levels before falling slightly to $64 per coin now.
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