Trump’s Crypto Projects Soar on Inauguration Day
The day of President Donald Trump’s inauguration reportedly also saw big gains by his new crypto token and meme coin.
The Trump-connected crypto project World Liberty Financial (WLF) raised $1 billion in token sales Monday (Jan. 20), while a new Trump meme coin topped $10 billion in market value, Reuters reported Monday.
WLF was formed and promoted by Trump, his sons, and his new special envoy to the Middle East, Steve Witkoff, according to the report.
The meme coin, $TRUMP, was launched Friday night during a Crypto Ball held in conjunction with Trump’s inauguration festivities, per the report.
The boom in these ventures came as crypto traders and investors hope that Trump, who has dubbed himself a “crypto president,”
