Trump launches his own meme coin, value soars

(Image: Getty)

Mon, 20 Jan 2025

Washington, United States – US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.Meme coins have no economic or transactional value and are often seen as a means of speculative trading.&...

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