The new meme coin of the elected President of the United States, Donald Trump, made its debut on January 18 in the cryptocurrency markets, attracting billions of dollars in investments.
According to Coinmarketcap, at the time of writing, the price of $TRUMP was $60, which is a 64% increase from the previous day, but below its peak of $75.
The market capitalization of Trump's meme coin reached $11.74 billion, also up 64% from the day before. Currently, there are 200 million Trump meme coins in circulation on the crypto market.
As reported by CoinGecko, $TRUMP is currently the 22nd most valuable cryptocurrency in the world, while $MELANIA, the meme coin launched by his wife on January 20, ranks 94th in value.
The Trump family's cryptocurrencies have significantly boosted the wealth of the new U.S. President Donald Trump, making him one of the richest individuals globally.
At one point over the weekend, the value of $TRUMP soared to $15 billion amid a rapid increase in trading volumes and interest before dropping to $10 billion on January 9.