TRUMP’S NEW CRYPTO TOKEN JUMPS AHEAD OF HIS INAUGURATION – The meme coin, also known as $TRUMP, surged 73% to $46.06
U.S. President-elect Donald Trump’s newly minted cryptocurrency soared to top $9 billion in market value, amassing billions of dollars in trading volume just hours ahead of his return to the White House.
The meme coin, also known as $TRUMP, surged 73% to $46.06 during Asian trading hours, giving it a market capitalisation of about $9.2 billion, according to CoinMarketCap.
Its 24-hour trading volume reached $42.2 billion. Trump had on Friday (January 17) launched the digital token branded with an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial.
His wife and incoming U.S. First Lady, Melania Trump, also launched her own meme coin on Sunday January 19th.
Trump, who is due to be inaugurated later on Monday at 12.00 p.m. (5pm GMT), has previously promised to be a “crypto president”.
