Trump’s new crypto token passes $10B market cap • The Register
Donald Trump, US president again by the time many of you read this, launched his own cryptocurrency – $TRUMP – on the Solana blockchain network on Friday night. By the weekend, it had hit a market cap of nearly $15 billion, although by Sunday, that value dropped when First Lady Melania Trump launched her own meme coin.
The presidential crypto made “quite a splash in the crypto market,” according to Coin Desk, which tracked it becoming “the 21st largest digital asset” in record time – no mean feat when it didn’t exist on Thursday.
There is a 20 percent float, with the remaining 80 percent owned by Trump, Trump family companies, and the coin’s…
