In keeping with cryptocurrency monitoring web site CoinMarketCap, Donald Trump’s meme coin $TRUMP has hit almost $11 billion in market worth. On the time of this writing, it’s valued at $52.71, up from lower than $10 on Saturday. It hit a peak at $74.59 on Sunday.
The digital token was launched on Friday, and its branding consists of a picture of Trump elevating a fist.
Reuters notes that of the whole variety of tokens, 80% are owned by CIC Digital LLC, an affiliate of The Trump Group, and one other enterprise known as Combat Combat Combat LLC.
The location of the coin notes that “GetTrumpMemes.com is just not political and has nothing to do with any political marketing campaign or any political workplace or governmental company.”
Associated: Donald and Melania Trump Launch Meme Cash
In 2021, Trump was vocal about his dislike of crypto, significantly Bitcoin. “Bitcoin, it simply looks like a rip-off,” Trump stated. “I do not prefer it as a result of it is one other foreign money competing towards the greenback.”
Nevertheless, his opinion has since advanced and he turned the primary presidential candidate to simply accept digital property as marketing campaign donations.
Crypto can also be now a household affair for the Trumps.
First Woman Melania Trump additionally launched a meme coin, and on Sunday, Trump’s son Eric posted on X “Wait till you see what they do tomorrow!”
