Breaking market records. Trump launches his own cryptocurrency
news.online.ua
Sat, 18 Jan 2025 18:01:00 +0200
Trump launches his own cryptocurrencyOn the eve of his inauguration, Donald Trump announced the launch of his own memecoin TRUMP memcoin is a cryptocurrency created based on memes.He announced this on the X network on January 18.
My new official Trump meme is here Its time to celebrate everything we fight for victory Donald Trump Newly elected US president The currencys official website states that TRUMP is the only official meme from President Donald Trump created for the Solana blockchain network.
It also notes that Trump memes are intended to express support for and engage with the ideals and beliefs embodied in the TRUMP symbol and related artwork, and are not intended for investment purposes.On the first day, 200 million TRUMP tokens are available for purchase, with the supply planned to increase to 1 billion within three years.
Within hours of its launch, TRUMP attracted 3 billion in trading volume and reached a market capitalization of 2 billion, CoinDesk writes.
CoinDesk could not find any confirmation of the legitimacy of the Trump meme token as of the morning of January 18.
According to analysts, TRUMP brought 70 million in profit to the first buyers.Trump is preparing a separate policy on cryptocurrencyUS Presidentelect Donald Trump plans to recognize cryptocurrencies as one of the priorities of his own policy through a separate decree, which will provide considerable preferences to market participants.According to the publication, the decree will define cryptocurrency as a national imperative, calling on government agencies to cooperate with representatives of this sphere.In addition, it is planned to create a cryptocurrency advisory council that will represent the political interests of cryptocurrency market participants.
The decree will demonstrate a radical change in the US governments attitude towards cryptocurrencies, which have become the subject of highprofile investigations during Joe Bidens presidency.
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