Donald Trump's newly-created cryptocurrency, $TRUMP, experienced a rapid surge in value, reaching nearly $12 billion in market capitalization. The meme coin, launched on Friday, attracted billions in trading volume and drew attention amidst Bitcoin hitting a record high.
Donald Trump ’s newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect’s return to the White House.
Melania Trump launched her own cryptocurrency on Sunday, which was trading at around $12.03, with a market cap of $1.9 billion, according to CoinMarketCap. While the coin represented a blending of the world of decentralised finance into the political arena, it also “blurs the lines between governance, profit, and influence,” D’Anethan said.
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