In the matrix of digital assets and cryptocurrencies, US President-elect Donald Trump launched his own official Trump coin to mark the celebration of his 47th victory as President of the United States on January 18.
Donald Trump launched the “$ASSET” coin, which soared more than 300 percent after the launch on Saturday. At the day’s high, the market capitalization (MCap) of cryptocurrency the meme coin stood at $6.76 billion, according to data collected by CoinMarketCap.
According to the data, the crypto token hit a day high of $33.87 on Saturday, January 18, two days before Donald Trump’s inauguration ceremony on Monday, January 20. At the high point of the day, the coin’s trading volume surpassed $7 billion. brand.
The $Trump coin The rally is the latest among the best coin rallies in the world of cryptocurrencies, the first being the token currency Dogecoin and Shiba Inu.
The official website states that the goal of releasing the coin is to function as an “expression of support and commitment to the ideals and beliefs embodied in the $TRUMP symbol.” However, the website also clarifies that the associated artwork should not be the subject of an investment opportunity or contract of any kind.
Other coins
Similar meme pieces in the cryptocurrency space has also gained, such as the “TRUMP MEME”, whose market capitalization stands at over $250 million as of January 18. The coin gained 74.62 percent to $0.0004459 on Saturday.
Billionaire founder Elon Musk also recently backed a crypto coin named “Kekius Maximus” after changing the name of his X platform ID to that of the coin.
Kekius Maximus gained 740.4 percent a day after the move. The meme coin’s overall gains from its 7-day value were 4,780.5 percent higher, according to Mint previous report dated December 31, 2024.
MCap du Kekius Maximus stands at $44.99 million as of January 18. The meme coin’s initial rally propelled the MCap crypto to over $380 million on January 1, 2025.
The Trump coin website mentioned the possibility of purchasing $TRUMP in exchange for Solana (SOL). This also marked a 14.73 percent increase in Solana’s MCap to $122.4 billion as of January 18.
Solana prices rose nearly 16% in the past 24 hours, according to data from CoinMarketCap. THE Solana trading volumes increased by almost 300 percent on Saturday to $20.04 billion with a price of $251.28 per token.
Other meme coins like BONK and Fartcoin have gained 10.77 percent and 17.65 percent respectively in the current crypto market.
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