A Presidential Memecoin? How $TRUMP Is Shaking Up Crypto Space — TradingView News
Donald Trump has deepened his involvement in the cryptocurrency space ahead of his January 20 inauguration. In an unexpected move, the US President-elect launched his own memecoin, $TRUMP, this weekend causing a wave of speculation and trading activity in the crypto market.
Within hours of its debut, the coin’s price skyrocketed from just a few cents to $14, leaving traders and analysts divided over its legitimacy and implications for the crypto industry, CNBC News reported.
Trump Doubles Down on Crypto
Trump announced the launch through his official Truth Social and X accounts, assuring skeptics that the coin is indeed linked to him. The announcement, accompanied by the phrase “WINNING,” described the token as a celebration of his ideals…
