Trump coin takes market by storm
The US president-elect’s official meme token has skyrocketed to over $36 billion market capitalization within 24 hoursThe token’s launch was announced by President-elect Donald Trump early Saturday in posts on Truth Social and X, where he promoted it by asking users to join his “Trump community.”
Known as a meme coin – a digital token with no intrinsic real-world value – the token started trading at an opening price of $0.1824 early Saturday.
By 06:00 GMT on Sunday, the price reached $36.6, giving it a fully diluted market capitalization of $36 billion, according to data from Dexscreener. Trading volume has so far surpassed $14 billion.
https://www.rt.com/business/611161-trump-coin-takes-market-by-storm/
https://en.wikipedia.org/wiki/Meme_coin
