The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,
Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility
Bitcoin, however, is a fundamentally different, hard asset. While the mania surrounding crypto often spills over into Bitcoin’s price movements, Bitcoin itself remains largely unaffected in the long term. It continues to progress steadily, and I believe we’ll see a full recovery soon.
Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.
Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
Bitcoin hit a new all-time high overnight as investors prepare for the crypto-friendly Trump administration to take office.
Bitcoin hit a record $109,241 as the US readies for pro-crypto President-elect Donald Trump’s inauguration. The cryptocurrency surged 5.5% amid excitement over Trump’s meme coins, despite a subsequent market decline.
In a major development, the newly sworn-in US President, Donald Trump lived up to his expectations as a crypto-friendly president. Donald Trump has banned the creation of Central Bank Digital Currency (CBDC).
Trump’s new cryptocurrency, $TRUMP, is an example of what insiders call a meme coin - a digital token traded largely to capitalize on jokes or online enthusiasm rather than as a practical financial asset.
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