- $TRUMP coin surged over 18,000% within 24 hours, rising from a few cents to $33.87 ahead of Trump’s inauguration.
- Coinbase listed $TRUMP, boosting its market traction and sparking widespread reactions across the cryptocurrency community.
- Trump’s administration plans to explore crypto policies, including potential executive orders and a Bitcoin strategic reserve.
The cryptocurrency world is witnessing a major development as President-elect Donald Trump’s newly launched cryptocurrency, $TRUMP, sees remarkable growth. Within just 24 hours of its release, the token surged from a few cents to $33.87, marking an increase of over 18,000%. The release of $TRUMP coincides with Trump’s inauguration weekend, adding further intrigue to the digital asset’s rapid success.
Coinbase Lists $TRUMP, Amplifying Market Attention
Notably, one of the most notable milestones for $TRUMP was its addition to Coinbase, one of the largest cryptocurrency exchanges in the United States. This announcement, made via social media, attracted significant attention and sparked a wide range of reactions.
However, while some see it as a bold move by Coinbase, others have raised questions about the coin’s potential long-term impact. The listing of $TRUMP on Coinbase has significantly contributed to its soaring value and growing popularity within the cryptocurrency community.
Speculation Grows Around Trump’s Crypto Policy
Besides, the release of $TRUMP has not only turned heads in the crypto world but also amplified discussions about the incoming administration’s potential cryptocurrency policies. Trump’s campaign emphasized a relaxed regulatory approach to digital currencies, raising expectations for significant changes in the industry.
Furthermore, speculation is mounting that the president-elect may issue executive orders related to Bitcoin and the broader cryptocurrency landscape shortly after taking office.
Adding to the intrigue, there have been discussions about the possible establishment of a Bitcoin strategic reserve under Trump’s administration. This move could mark a pivotal moment for digital assets, signaling greater government involvement and legitimacy in the crypto space.
$TRUMP Coin Sparks Broader Market Conversations
The $TRUMP token is built on the Solana blockchain, known for its efficiency and scalability. Social media platforms have been buzzing with debates, confusion, and FOMO (fear of missing out) surrounding its launch.
Notably, 80% of the coin is controlled by CIC Digital, an affiliate of the Trump Organization, along with Fight Fight Fight, a co-owned entity. This unique ownership structure has further fueled discussions about the token’s future and its potential influence on the market.
