Donald Trump launches his cryptocurrency

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Newly elected US President Donald Trump has launched his cryptocurrency called MEME TRUMP. He announced this through his official Truth account So, what should you know about it?

For your information, this launch triggered a buying spree that dramatically increased the cryptocurrency's market value to nearly $6 billion. This meme currency aims to celebrate the popularity of Trump and the movement associated with him despite having no real economic value. A total of 200 million meme coins have been issued, with an additional 800 million expected within three years.

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Moreover, Trump, previously sceptical of crypto, is now a strong supporter and has pledged to make America the "crypto capital of the world." He is scheduled to be sworn in as the new US President on January 20, 2025.

 

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