currencyjournals — U.S. President-elect Donald Trump introduced the launch of his meme coin $TRUMP in a publish on Fact Social late Friday, and its market capitalization rapidly skyrocketed to billions of {dollars}.
“My new official Trump meme is right here! It is time to have fun every part we stand for: Victory!” Trump wrote in a publish on his social media platform Fact Social. .
The transfer comes forward of President Trump’s inauguration on Monday, which is extensively anticipated to usher in a brand new period of digital asset adoption.
Trump, who beforehand referred to as it a “fraud,” promised that america would turn out to be the “crypto capital of the planet” when he returned to workplace.
It was buying and selling at simply over $71 as of seven:40 a.m. ET (12:40 p.m. Japan time), giving it a market capitalization of $14.2 billion, in accordance with CoinMarketCap.
Main crypto exchanges reminiscent of Coinbase (NASDAQ:) and Binance have introduced that they plan to record memecoin tokens.
In line with the coin’s web site, roughly 200 million digital tokens have been issued, with one other 800 million deliberate to be issued inside the subsequent three years.
