President-elect Donald Trump has made his latest foray into the financial world with the launch of $TRUMP, a meme coin that quickly surpassed a $5 billion market capitalization.
Three days before his historic inauguration, this move further strengthens Trump’s reputation as an innovative leader, willing to embrace new technologies and transform industries.
Announced on Truth Social last Friday, the $TRUMP coin celebrates Trump’s presidential victory and his upcoming inauguration.
Trump meme coin saw massive surge, market cap tops $72 billion.
According to CoinGecko , the $TRUMP meme coin soared over 600% from Friday to Saturday, followed by another 150% jump from Saturday night to Sunday morning. By 7 am ET on Sunday, it was trading at just above $72, pushing its fully diluted market capitalization to just over $72 billion.
The Backbone of $TRUMP
Developed on the Solana blockchain, $TRUMP is backed by cutting-edge technology and a strategic supply structure. At its launch, only 200 million coins were made available, with plans to expand the total supply to 1 billion over the next three years. This initial limited release has propelled the coin’s rapid rise, highlighting the market’s appetite for all things Trump.
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