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.
Israeli Defence Minister Israel Katz issued a stern warning on Thursday, stating that Yemen's Houthi rebels will face severe retaliation if they continue launching attacks on Israel. He emphasized that the Israeli Defence Forces are fully prepared to respond to any threat.
On May 8, 2025, the United States proudly commemorates the 80th anniversary of the Allied victory over fascism and the end of World War II in Europe- a defining triumph for freedom and democracy.
President Trump has unveiled plans to rebuild and reopen Alcatraz prison to detain America’s most dangerous criminals, calling it a return to a time when the country dealt more firmly with lawlessness.
In a recent interview with Time, President Donald Trump reaffirmed his stance on high tariffs, stating that they could remain in place for the foreseeable future, even suggesting that a “total victory” would mean import taxes as high as 50% within a year.
Mexican President Claudia Sheinbaum on Thursday praised a recent phone call with U.S. President Donald Trump, highlighting an agreement aimed at improving the trade balance between the two nations.
Explosions were heard in Rawalpindi and Islamabad around 2:30 a.m. local time as a ballistic missile attack targeting Nur Khan Airbase was intercepted, according to Pakistani security sources.
The Pakistan military has alleged that India fired six ballistic missiles that fell within its own borders.
A diver has died during early recovery operations for British tech tycoon Mike Lynch’s sunken superyacht off the coast of northern Sicily, Italian police confirmed Friday.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
High tariffs are expected to remain a core feature of Donald Trump's trade policy even after new trade agreements are reached, according to several current and former advisers who spoke with Reuters.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
Explosions were heard in Rawalpindi and Islamabad around 2:30 a.m. local time as a ballistic missile attack targeting Nur Khan Airbase was intercepted, according to Pakistani security sources.
The Pakistan military has alleged that India fired six ballistic missiles that fell within its own borders.
A diver has died during early recovery operations for British tech tycoon Mike Lynch’s sunken superyacht off the coast of northern Sicily, Italian police confirmed Friday.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
High tariffs are expected to remain a core feature of Donald Trump's trade policy even after new trade agreements are reached, according to several current and former advisers who spoke with Reuters.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment