Trump Debuts Meme Coin to $5.7 Billion Market Cap Days to Inauguration
President Donald Trump has launched a new meme coin called $TRUMP. In an official X post, Trump announced the new crypto asset, adding that the meme coin was created to celebrate “WINNING.” The announcement came barely two days before his official inauguration.
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The token reached a market cap of over $200 million within a few hours, prompted by Musk's promise to bring back the defunct app.
Since it was issued, trading volume of $Trump coin has approached that of some of the largest cryptos out there, including solana and ethereum.
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