A new meme coin launched by President-elect Donald Trump on Friday has hit a market capitalization of $13 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration
On 17 January 2025, Donald Trump launched his $TRUMP meme coin, and within hours, it took the cryptocurrency world by storm. The coin, built on the Solana network, saw an astonishing surge in value, with its market cap reaching a staggering $14.5 billion within just a couple of hours of its debut. Initially priced at $0.18, the coin’s value shot up to $7.1 before stabilising at $21.51 by 6:21 PM IST, marking an incredible 231.61% increase, according to CoinMarketCap data.
