The President-elect of the United States, Donald Trump, has created and launched his own cryptocurrency, Memcoin $TRUMP. Just days after its release, the cryptocurrency’s market capitalization reached $11 billion.
The crypto asset was launched on the Solana blockchain and is currently valued at $53.20. At its peak, $TRUMP reached a value of $75, with a market capitalization of $15 billion.
According to information on the cryptocurrency’s website, the developers initially limited the coin’s supply to 200 million units, later increasing the total supply to 1 billion over the next three years.
The website also states that the cryptocurrency is not an investment opportunity and has no affiliation with any government agency, political office, or political campaign.
In the last 24 hours, the trading volume of the cryptocurrency reached $36.15 billion.
The future First Lady of the United States, Melania Trump, has also launched her own cryptocurrency. Melania Trump’s cryptocurrency is named $MELANIA and is also based on the Solana blockchain.
Donald Trump is enthusiastic about the crypto industry. He envisions the US creating a strategic reserve of the largest cryptocurrency, Bitcoin, and turning the country into the planet’s “crypto capital.”
