Donald Trump’s coin jumped 110%, market cap increased by $2.5 billion.
Donald Trump is going to be sworn in as the 47th President of America today. Before this, his cryptocurrency $TRUMP is seeing a huge rise. At one time it fell to $30 but soon it rose by 110 percent.
Donald Trump is going to take oath as the President of America in a few hours.
Meanwhile, his meme coin $TRUMP, launched on Friday, is witnessing a huge surge.
After the launch of Trump’s wife Melania Trump’s meme currency, at one point $TRUMP fell by more than 50% and its price came down to $30. But the situation changed as the day progressed. As soon as Robinhood listed it on its exchange, it became a rocket. Currently it is trading at $64, 110 percent above its day’s low. It has gained 12,800 percent since its launch.
$TRUMP’s market cap jumped to $2.5 billion as it appeared on Robinhood’s exchange. When it was launched on Friday, its price was $0.18, which rose 7,790% to $15.13 in a few hours. This Solana-based meme coin started with posts on Trump’s social media accounts Truth Social and X (Twitter).
As soon as it was launched, it created a stir. Many users were under the illusion that Trump’s social media account had been hacked. After its launch, it gained 4,200 percent in the first two hours and its market cap increased to $8 billion in just three hours.
Trump’s meme coin is inspired by the theme of ‘Fight, Fight, Fight’.
It was launched with 200 million coins. The total supply will be 1 billion in the next three years. 80% of the token is owned by CIC Digital LLC, a subsidiary of The Trump Organization, and Fight Fight Fight LLC, registered two days ago. Trump’s wife Melania Trump has also launched her own cryptocurrency $MELANIA. Within four hours of its launch, it jumped 24,000 percent. It started from almost zero and within no time its price reached $14