Donald Trump Launches $TRUMP Meme Coin, Sparking Massive Crypto Frenzy
In a surprising move just days before his inauguration, Donald Trump has launched his own meme coin, $TRUMP, which has already generated a market capitalization soaring to billions. The new cryptocurrency has seen a staggering 300% surge within hours, leading to widespread speculation about its potential impact on the crypto industry. Analysts are divided, with some labeling it a clever marketing gimmick while others express concerns over its long-term viability. As the crypto market reacts, notable coins like Solana also experienced significant price movements following the launch. This unexpected entry into the crypto world by a former president is raising questions about possible regulations and highlighting the volatile nature of meme coins.
Axios, CoinMarketCap, Mother Jones, The New York Times, Forbes, Bloomberg, Business Insider, CNBC, The Hill, CBS News