The US president-elect’s official meme token has skyrocketed to over $36 billion market capitalization within 24 hours
The new Trump crypto coin exploded in value overnight, surging by a staggering 19,000% from its opening price, data from cryptocurrency trackers showed on Sunday.
The token’s launch was announced by President-elect Donald Trump early Saturday in posts on Truth Social and X, where he promoted it by asking users to join his “Trump community.”
Known as a meme coin – a digital token with no intrinsic real-world value – the token started trading at an opening price of $0.1824 early Saturday.
By 06:00 GMT on Sunday, the price reached $36.6, giving it a fully diluted market capitalization of $36 billion, according to data from Dexscreener. Trading volume has so far surpassed $14 billion.
Trump’s company, CIC Digital LLC, owns 80% of the coin’s supply, with 200 million tokens currently in circulation and plans to expand to 1…
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