Donald Trump Launches $Trump Cryptocurrency, Surging to $5.5 Billion Market Value
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Donald Trump Launches $Trump Cryptocurrency, Surging to $5.5 Billion Market Value

Jan 20, 2025

US President-elect Donald Trump has unveiled his cryptocurrency, $Trump, which quickly surged to a market capitalization of $5.5 billion. The release coincides with his preparations to assume office as the 47th President of the United States.

$Trump Cryptocurrency Launch

The meme coin, named $Trump, is the latest venture by CIC Digital LLC, an affiliate of the Trump Organization. Previously, the company marketed Trump-branded products, including shoes and fragrances. Meme coins, often linked to viral internet trends, are known for their volatility and lack of intrinsic value.

Shortly after its launch, $Trump’s market value skyrocketed to billions, as reported by CoinMarketCap.com. The coin’s website states that 200 million tokens were issued initially, with an additional 800 million planned for release over the next three years.

Trump’s Vision for $Trump

Trump promoted the coin on his social media platform, Truth Social, saying:
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”

The coin’s website describes it as a celebration of resilience and leadership, emphasizing that it is not a political campaign tool or an investment opportunity.

Ownership and Criticism

CIC Digital LLC and Fight Fight Fight LLC, a company formed earlier this month, collectively own 80% of the tokens. Critics, however, have accused Trump of exploiting his presidency.

Crypto venture capitalist Nick Tomaino criticized the move, calling it predatory, given its launch timing and ownership concentration. Many warn that meme coins can lead to speculative hype, leaving late investors vulnerable to financial losses.

Impact on the Cryptocurrency Industry

Trump’s pivot to cryptocurrency marks a significant shift from his earlier skepticism. At a Bitcoin conference last year, he declared America would become the “crypto capital of the planet.” This contrasts with the Biden administration’s regulatory crackdowns, which focused on concerns about fraud and money laundering in the crypto industry.

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