Donald Trump’s new $TRUMP meme coin grips crypto market: What is it? Why is it surging?— EXPLAINED in 5 Points
Donald Trump‘s new $TRUMP meme coin gripped the cryptocurrency market with its stellar $14.5 billion debut on Saturday, January 18, just days before Trump’s inauguration to take oath as the 47th US President. The meme coin is his latest merchandise push in recent years, adding to a line of perfumes and colognes and “Trump Watches” celebrating his Presidential election win.
The coin was launched on Saturday morning. Taking to social media platform ‘X’ (formerly Twitter), Trump introduced the coin as his ‘official Trump meme.’ He wrote: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have…