Coinbase after 18000% to list Donald Trump’s official mm coin
President-elect Donald Trump's newly launched cryptocurrency, $TRUMP, has caused quite a stir in the crypto world, with prices soaring as his inauguration weekend approaches. According to Fox Business, in 24 hours, the value of $TRUMP rose by a few cents to $33.87, a staggering gain of over 18,000%.
Adding to the excitement, Coinbase, one of the largest cryptocurrency exchanges in the US, has announced that it will list the $TRUMP coin. The ad went viral on social media and attracted mixed reactions.
The launch of $TRUMP on the Solana blockchain has taken over social media platforms and a storm of debate, confusion and FOMO (fear of missing out) has become the talk of the town. The $TRUMP website shows that 80% of the coin is controlled by CIC Digital, an affiliate of the Trump Organization and a joint venture with Fightback.
Coinciding with Trump's upcoming inauguration, the release of the meme coin has sparked more interest as speculation grows around what role the cryptocurrency will play in the future. Trump reportedly plans to issue executive orders related to Bitcoin and the broader crypto industry on his first day in office or shortly thereafter.
One of the main points of the campaign was advocating for a more relaxed regulatory regime for digital currencies. Additionally, Trump discussed the possibility of creating a strategic reserve of Bitcoin as part of his crypto policy.
As Trump prepares to take office, the crypto world is eagerly anticipating how his policies will shape the future of digital assets. $TRUMP's dramatic debut is just the beginning, and many are watching intently to see what other developments will unfold in the coming days.
