Donald Trump’s new $TRUMP meme coin grips crypto market: What is it? Why is it surging?— EXPLAINED in 5 Points | Stock Market News
Source: Live Mint
TRUMP MEME is a unique meme coin that combines the unmistakable persona of Trump with the ever-evolving world of viral internet humor. In a world where memes drive culture, TRUMP MEME stands out by transforming these cultural moments into a decentralized cryptocurrency that’s as bold and entertaining as its namesake.
Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration.
The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.
