President-elect Donald Trump’s newly launched cryptocurrency, $TRUMP, has created a stir in the cryptocurrency world and has surged in value as Inauguration Weekend approaches. According to Fox Business, within 24 hours, the value of $TRUMP skyrocketed from just a few cents to $33.87, an incredible return of over 18,000%.
Coinbase, one of the largest cryptocurrency exchanges in the U.S., announced that it would list $TRUMP coin, adding to expectations. The announcement was made via social media and drew mixed reactions.
The launch of $TRUMP on the Solana blockchain quickly became the talk of the town, taking over social media platforms and sparking a whirlwind of controversy, confusion, and FOMO (fear of missing out). The $TRUMP website shows that 80% of the coins are controlled by CIC Digital, an affiliate of the Trump Organization, along with a jointly owned entity called Fight Fight Fight.
The launch of the meme coin, coinciding with Trump’s upcoming inauguration, has sparked further interest as speculation grows about what role the new administration will play in the future of cryptocurrencies. President Trump reportedly plans to issue executive orders related to Bitcoin and the broader cryptocurrency industry on his first day in office or shortly after taking office.
One of the key points of his campaign was to advocate for a more relaxed regulatory approach to digital currencies. Trump also discussed the possibility of creating a Bitcoin strategic reserve as part of his cryptocurrency policy.
As President Trump prepares to take office, the cryptocurrency world is eagerly waiting to see how his policies will shape the future of digital assets. The dramatic launch of $TRUMP is just the beginning, and many are watching closely to see what unfolds next.