#MarketPullback
The new cryptocurrency of US President Donald Trump, known as “Trump Coin” ($TRUMP), has seen a significant increase in its market value since its launch. In less than 24 hours, the value of the currency rose from a few cents to $33.87, an increase of more than 18,000%, before settling at around $26 with a market value of more than $5 billion. citeturn0search6
This rapid rise is attributed to several factors, most notably:
The currency was launched in conjunction with Trump’s inauguration: The currency was launched on January 18, 2025, two days before Trump’s inauguration, which sparked widespread interest and increased demand for its purchase.
