Donald Trump launches his cryptocurrency $TRUMP before his inauguration and it's already a hit

However, Donald Trump was once hostile to cryptocurrencies but his position on the issue is no longer the same, undoubtedly influenced by Elon Musk. The market reacted well to his election since, the price of Bitcoin took off.

It is on his social networks like X that Donald Trump himself announced the launch of this cryptocurrency: “My official Trump memecoin is here! It's time to celebrate everything we stand for: victory!” announces the president-elect.

The $TRUMP visual represents a portrait of Donald Trump before the point raised and the word “Fight!”a reference to his reaction after an assassination attempt on him last year.

The success of $TRUMP was immediate. The cryptocurrency that was deployed on the Solana blockchain quickly reached a market capitalization of around $5 billion. It is now at the gates of the top 30 virtual currencies, behind $AAVE. Investors are pouring money into this memecoin in droves.

The cryptocurrency market is used to these projects with meteoric rises, but the speed with which $TRUMP reached this market capitalization is surprising.