In January 2025, American President Donald Trump launched his own digital currency under the name "$TRUMP". This currency witnessed a rapid increase in its market value, reaching around 21 billion dollars shortly after its launch.
However, the currency experienced sharp price fluctuations. Initially, its price rose from 8.6 dollars to 75 dollars within a single day, then dropped to 30 dollars within a week, and currently stands at about 15 dollars, with its market value decreasing to 3 billion dollars.
Additionally, the entities responsible for the digital currency "$TRUMP" made approximately 100 million dollars in trading fees in less than two weeks, despite the significant losses incurred by some individual traders.
It is worth noting that the value of this currency is significantly influenced by political events and statements related to President Trump, making it susceptible to sharp price fluctuations.
Note: Current data shows that the price of MAGA (TRUMP) coin is about 0.237344 US dollars, with a slight change of -0.04303% from the previous close.