Donald Trumpwho will become the 47th president of the United States next Monday during his official inauguration, created a surprise by launching its own TRUMP memecoin “FIGHT FIGHT FIGHT”.
Trump thus becomes the first president-elect of the United States to launch a memecoin just before an official inauguration.
The one who presents himself as the “crypto president” notably promised to put an end to the “war against cryptocurrencies” led by Joe Biden in recent years.
The launch of this fanciful cryptocurrency bearing his image sets the tone before the official start of his mandate as president this Monday, January 20, 2025.
As we mentioned in a previous article, Donald Trump would prepare a decree to make Bitcoin (BTC) and cryptocurrencies a national priority.
On his official X account, the new President of the United States confirmed the launch of his own memecoin, some initially believed that Donald Trump’s bad joke.
My NEW official Trump meme is HERE!
It’s time to celebrate everything we stand for: VICTORY!
Join my very special Trump community. GET YOUR $TRUMP NOW.
Go to http://gettrumpmemes.com — Have fun!
This approach may clearly be surprising on the part of a new elected president, but it reflects the opportunistic side of Donald Trump, who is above all an experienced businessman.
-Since its launch, the TRUMP cryptocurrency has surged upwards to currently reach $6 billion in capitalization on the crypto market.
There are one billion TRUMP tokens issued on the Solana (SOL) blockchain.
A news which logically caused the Solana price to rise consequently, click here to see the current SOL price.
A great advertisement indeed for the Solana blockchain which was chosen to launch the official memecoin of Donald Trump, his son Barron Trump would be in charge of the crypto strategy of the 47th President of the United States.
The launch of the Trump memecoin also caused a huge surge in trading activity on Solana, with its daily volume reaching all-time highs, overshadowing competitors such as Ethereum (ETH) giant Cardano (ADA), Avalanche (AVAX), or Tron (TRX).
Taken by surprise by the launch of the Trump memecoin, some major crypto exchanges are starting to list this new cryptocurrency, it is notably available on Kraken.
Binance has also launched perpetual contract trading TRUMP/USDT with leverage of up to x25 on Binance Futuresclick here to see the official announcement.
Trading TRUMP crypto is proving risky, people who obtained tokens before the current euphoria around the TRUMP price will certainly be tempted to sell their assets at the highest, perhaps on Monday during Donald’s official inauguration Trump.
It remains to be seen whether the launch of this “Trump” crypto will benefit other memecoins in the sector such as Dogecoin (DOGE), DogWifHat (WIF), Shiba Inu (SHIB), PEPE, BONK, Simon’s Cat (CAT), and FLOKI.
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