Monday saw the market value of a newly minted cryptocurrency, $Trump, skyrocket to over $10 billion as Donald Trump commenced his second term as President of the United States.
The crypto, which was launched on January 20, experienced a substantial trading volume that contributed to its rapid ascent, while also reached a record high just hours before Trump’s inauguration.
The “meme coin,” as it is colloquially known, witnessed a meteoric rise from under $10 on Saturday morning to a peak of $74.59, although it later retracted some of those gains.
The launch included branding that features an image from a July assassination attempt on Trump, marking an expansion of his ventures into the cryptocurrency space through World Liberty Financial.
In related news, Melania Trump introduced her own cryptocurrency, $MELANIA, on Sunday. It too experienced a significant price surge, quickly achieving a market capitalization exceeding $1 billion. The majority of $Trump…
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