Donald Trump’s latest venture into crypto sparks excitement as $TRUMP token achieves an impressive $13 billion market cap.
Trump’s Foray Into Cryptocurrency
President-elect Donald Trump launched $TRUMP, a meme coin celebrating his election victory and upcoming inauguration. The coin gained a market cap of $13 billion by Sunday, driven by a 300% price surge.
President Trump’s Celebratory Victory Rally x.com/i/broadcasts/1…
Impressive Growth of $TRUMP Coin
$TRUMP, hosted on the Solana blockchain, debuted at $65, peaking at $75 with a $15 billion market cap before stabilizing.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to gettrumpmemes.com — Have Fun!
Tokenomics and Supply Strategy
The initial supply of 200 million $TRUMP tokens is set to expand to 1 billion within three years. The Trump Organization and Fight Fight Fight LLC control 80% of the remaining tokens.
Revenue Sharing and Disclaimers
The coin’s revenue is shared between affiliated companies. A disclaimer clarifies that $TRUMP is not an investment or political asset.
Crypto Industry Backing Trump’s Campaign
Backed by billionaires tied to crypto, Trump plans to make the U.S. the “crypto capital of the planet.” His election win pushed Bitcoin to record highs of $100,000, boosting the global crypto market value by $1.8 trillion in 2024.
Policy Initiatives for Cryptocurrency
Trump intends to reduce regulatory burdens, form a crypto advisory council, and establish a bitcoin reserve to buy and sell cryptocurrency. His policies have fueled optimism, with Bitcoin hitting $105,000, its highest price in a month.
Trump’s Merchandise and Revenue Streams
In addition to $TRUMP, Trump’s merchandise empire includes colognes, watches, silver coins, and NFTs, generating millions in sales. His latest guitars sold out, earning $4.6 million.
A Game-Changer for Crypto
The $TRUMP meme coin and Trump’s crypto-friendly policies underscore his impact on the industry, rallying both supporters and market confidence.
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