President-elect Donald Trump has launched a new cryptocurrency, $TRUMP, which has taken the crypto world by storm. In just 24 hours, the coin’s value skyrocketed from mere cents to $33.87, an astonishing gain of over 18,000%, according to Fox Business.
Adding to the frenzy, Coinbase, one of the largest cryptocurrency exchanges in the U.S., announced it would list $TRUMP. The announcement, shared on social media, drew a flurry of mixed reactions from crypto enthusiasts and skeptics alike.
The $TRUMP token operates on the Solana blockchain and has quickly become a trending topic on social media, sparking debates, confusion, and a wave of FOMO (fear of missing out). According to the official $TRUMP website, 80% of the coin is controlled by CIC Digital, a Trump Organization affiliate, alongside a co-owned entity called Fight Fight Fight.
The coin’s launch is strategically timed to coincide with Trump’s upcoming inauguration, further fueling speculation about his administration’s stance on cryptocurrency. Reports suggest that Trump is considering issuing executive orders on Bitcoin and the broader crypto market shortly after taking office.
Throughout his campaign, Trump emphasized a pro-crypto agenda, advocating for relaxed regulations and proposing the creation of a Bitcoin strategic reserve as part of his digital currency policy.
As Trump prepares to assume office, the crypto community is closely watching to see how his administration’s policies could shape the future of digital assets. With $TRUMP’s dramatic debut, the coin’s meteoric rise may signal the beginning of a new chapter in the intersection of politics and cryptocurrency.
January 2025, Cryptoniteuae