Coinbase to List Donald Trump’s Official Meme Coin After 18000% Surge
President-elect Donald Trump’s newly launched cryptocurrency $TRUMP is causing a huge stir in the crypto world, surging in value as his inauguration weekend approaches. According to Fox Business, the value of $TRUMP surged from a few cents to $33.87 in 24 hours, an increase of more than 18,000%.
Even more exciting is that Coinbase, one of the largest cryptocurrency exchanges in the United States, announced that it will list the $TRUMP token. The news was posted on social media, prompting mixed reactions.
The launch of $TRUMP on the Solana blockchain quickly became the talk of the town, dominating social media platforms and sparking a whirlwind of debate, confusion, and FOMO (fear of missing out). The $TRUMP website shows that 80% of the tokens are controlled by CIC Digital, an affiliate of the Trump Organization, and a jointly owned entity called Fight Fight Fight.
Coinciding with Trump’s inauguration, the meme coin’s release sparked further interest as speculation grows about what role the new administration will play in the future of cryptocurrencies. Trump reportedly plans to issue executive orders related to Bitcoin and the broader crypto industry on his first day in office or shortly thereafter.
One of the key points of his campaign has been advocating for a more relaxed regulatory approach to digital currencies. Additionally, Trump has discussed the possibility of creating a Bitcoin strategic reserve as part of his crypto policy.
As Trump prepares to take office, the crypto world is eagerly awaiting how his policies will shape the future of digital assets. $TRUMP’s dramatic launch is just the beginning, with many keeping a close eye on other developments in the coming days.
