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.
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The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
Senior Russian officials have condemned the United States’ recent military strikes on Iran, warning of a spiralling regional conflict and accusing U.S. President Donald Trump of igniting a "new war" that could backfire by strengthening Iran's leadership.
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