$TRUMP Meme Coin Hits $10 Billion Market Cap in a Week
$TRUMP Meme Coin Hits $10 Billion Market Cap in a Week

$TRUMP Meme Coin Hits $10 Billion Market Cap in a Week

ultimateimp – Launched on January 17 to mark Donald Trump’s inauguration as the 47th President of the United States. The $TRUMP meme coin has skyrocketed in market value, surpassing $10 billion on January 21. Announcing the launch on Truth Social, Trump described the cryptocurrency as a celebration of his electoral victory. Plans to expand the coin’s supply significantly over the coming years.

The $TRUMP coin, which initially traded at around $10 on January 19. Soared to an all-time high of $74.59 before stabilizing at $52.71 by 12:30 GMT on January 21. This remarkable surge has given the digital asset a market capitalization of approximately $10.7 billion. Currently, 200 million $TRUMP coins are in circulation. With Trump pledging to increase the supply to 1 billion over the next three years to meet growing demand.

This meteoric rise underscores the strong public interest in the coin, which has become a symbol of Trump’s political momentum. Financial analysts are closely monitoring the coin’s volatility, which is typical for meme cryptocurrencies but has attracted both speculators and enthusiasts. As the coin’s value continues to make headlines. Trump supporters and cryptocurrency investors alike are keeping a close eye on its performance in the volatile crypto market.

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$TRUMP Coin Plunges Amid $MELANIA Crypto Debut

Afer launched on January 17, the $TRUMP cryptocurrency initially surged in popularity, climbing into the top 20 cryptocurrencies by market capitalization. The coin’s valuation peaked at nearly $15 billion as its price soared to $74.06. Owned primarily by Trump Organization affiliates CIC Digital LLC and Fight Fight Fight LLC. 80% of the tokens remain unreleased, fueling speculation and market activity.

However, the $TRUMP coin’s meteoric rise faced a dramatic turn with the launch of $MELANIA. A cryptocurrency introduced by Melania Trump, the First Lady of the United States, on January 20. Following this announcement, the value of $TRUMP dropped approximately 40%, declining from $74.06 to $44.82 within 24 hours. Meanwhile, $MELANIA debuted at a high trading volume. With its price reaching $6.17 and a 24-hour transaction value of over $6.2 billion USD.

The simultaneous rise of these politically inspired meme coins underscores their volatility. $TRUMP coin’s value has fluctuated drastically due to high trading activity and competition from $MELANIA, which has attracted attention as another key player in the political-crypto crossover trend.

$TRUMP and $MELANIA Meme Coin Launched on Solana Blockchain Spark Regulatory Debate

The recently launched $TRUMP and $MELANIA meme coin, both built on the Solana blockchain, have already stirred controversy. Introduced by U.S. President Donald Trump and First Lady Melania Trump, these meme coins have raised questions about ethical and regulatory implications surrounding their launch. Critics point out the unprecedented nature of a sitting president creating and promoting his own cryptocurrency, closely followed by the First Lady’s entry into the crypto space.

$TRUMP coin is available on major exchanges like Binance, while $MELANIA coin can be purchased through platforms such as Jupiter. Both are fungible crypto assets, meaning they can be traded and used for transactions like other digital currencies. Their launch has captivated the crypto community, with supporters hailing it as a bold pro-crypto stance and detractors highlighting potential conflicts of interest.

The broader cryptocurrency market has also seen a significant boost following Trump’s election victory. Bitcoin, often regarded as the flagship of the crypto world, surged over 10% in January alone, hitting a historic peak of $109,071.86 in early European trading. The coin has since stabilized around $105,297, reflecting renewed investor confidence tied to the president’s crypto-friendly policies.

The launch of $TRUMP and $MELANIA coins has amplified debates over the intersection of politics and cryptocurrency. Supporters see this as an innovative step towards mainstream adoption, while critics emphasize the need for stricter regulations to ensure transparency and fairness in such initiatives. As these coins continue to dominate headlines, their long-term impact on the crypto market and public trust remains to be seen.