Donald Trump Launches New Meme Coin Days Before Inauguration
Topline
A new meme coin launched by President-elect Donald Trump on Friday has eclipsed a market capitalization of $5 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.
The president-elect’s latest venture into crypto comes just days before his inauguration.
Key Facts
Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration.
The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.
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