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Investing.com — U.S. President-elect Donald Trump introduced the launch of his meme coin, $TRUMP, in a Reality Social publish late Friday, which shortly soared in market capitalisation to a number of billion {dollars}.
“My NEW Official Trump Meme is HERE! It is time to rejoice every little thing we stand for: WINNING!” Trump wrote in a publish on his social media platform Reality Social.
The transfer comes forward of Trump’s inauguration on Monday, which is broadly anticipated to usher in a brand new period of digital asset adoption.
Trump, who beforehand referred to as Bitcoin “a rip-off”, has pledged that America can be “the crypto capital of the planet” as soon as he returned workplace.
$TRUMP was buying and selling simply above $71 as of 07:40am ET (12:40 GMT), reaching a market cap of $14.2 billion, based on CoinMarketCap.
Main crypto exchanges together with Coinbase (NASDAQ:COIN) and Binance have mentioned they plan to record the memecoin token.
Some 200m of the digital tokens have been issued and one other 800m will probably be launched within the subsequent three years, the coin’s web site mentioned.
