President Donald Trump made a major move into the cryptocurrency world, launching his own meme coin, $TRUMP.
Cryptocurrency has firmly established itself as a major force in global finance, now valued at billions of dollars. Re-elected U.S. President Donald Trump is the latest to jump into the digital currency game with his own meme coin, $TRUMP. Launched just days before his second inauguration, the token has quickly soared to an impressive $12 billion market value, according to CoinMarketCap.
A significant 80% of $TRUMP tokens are owned by CIC Digital LLC, an affiliate of Trump’s business empire, The Trump Organization, and another entity, Fight Fight Fight LLC.
In just 24 hours, $TRUMP generated a massive trading volume of $52.5 billion. Featuring an image from Trump’s attempted assassination in July, the coin has gained widespread attention, especially on social media. Thousands of users on X have shared and liked posts about the token’s launch, amplifying its visibility. This move marks a significant expansion of Trump’s cryptocurrency ventures, which already include World Liberty Financial. At the same time, Bitcoin continues to set new all-time highs, highlighting the booming digital asset market.
But it wasn’t just Trump’s token making headlines. The incoming First Lady, Melania Trump, also entered the crypto space with her own meme coin, $MELANIA, launched on January 19. Her coin briefly caused a dip in the value of $TRUMP as traders flocked to the new token.
$TRUMP’s price surged to over $70, pushing its market capitalization above $14 billion right after launch. However, following the launch of $MELANIA, $TRUMP’s value dropped from $75 to $30 before recovering to around $64. Meanwhile, $MELANIA skyrocketed to a market cap of $13 billion, making a significant splash in its own right.
Despite the brief volatility, Trump remains true to his promise of being a "crypto president," solidifying his presence in the digital currency world. $TRUMP is now ranked 18th globally in market capitalization, further cementing its place in the ever-growing crypto market.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize....
A second aid ship carrying 10,080 tents provided by Turkey’s Disaster and Emergency Management Authority (AFAD) has departed from Mersin Internation...
German Chancellor Merz addresses foreign companies and congratulates Azerbaijan and Armenia on peace deal...
U.S. Treasury Secretary Scott Bessent confirmed on Tuesday that he had discussed U.S. sanctions on Russian oil giants Lukoil and Rosneft with Ukrainia...
Israel and U.S. are set to discuss the next phases of the Gaza ceasefire plan on 29 December according to the Israeli Prime Minister's office.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
Norway plans to buy two additional submarines from Germany and a separate procurement of long-range artillery, the defence ministry said on Friday, at a much higher cost than before partly due to high demand for military equipment.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment