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$TRUMP Meme Coin Launched Friday Soars To Over $12 Billion, #TrumpEffect Pushes Bitcoin To All-Time High

He won the electoral vote, the popular vote, and now he has won a top spot on the cryptocurrency ratings sheet.

$TRUMP, the newly minted meme coin launched by President Trump on Friday, has just created a new batch of crypto millionaires, and a few crypto billionaires.

With just over 2 days in the game, $TRUMP initially topped out at over 9 Billion in total market value… and later hit over $12 Billion!

The sheer expectation of the “Crypto President” and his intention of creating a national crypto stockpile pushed bitcoin to its highest peak performance ever — surging to over $109,000 for a single bitcoin.

According to the current tabulation, Cryptocurrency Inside has $TRUMP listed as the top meme coin by trading volume in the last 24 hours!

Of note, the $TRUMP chart reminds me of somebody if you rotate it to the right 90 degrees…

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President Trump, once a crypto skeptic, now hails cryptocurrency as closely associated with financial freedom due to its decentralized structure.

He launched his new meme coin hours before taking the oath of office according to a report by Reuters:

Donald Trump’s newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect’s return to the White House.

Launched on Friday, Trump’s meme coin, also known as $TRUMP, surged to $58.56 at 0820 GMT on Monday, giving it a market capitalisaton of about $11.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. Its 24-hour trading volume reached $52.5 billion.

Trump had on Friday launched the digital token with branding including an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial. Of the total number of tokens, 80% are owned by CIC Digital LLC, which is an affiliate of Trump’s business The Trump Organization, and another business called Fight Fight Fight LLC, the token’s website says.

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, pointed to the jump in $TRUMP’s value and called it the new digital gold, on messaging platform X.

Trump has promised to be a “crypto president”, and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets.

He is due to assume the presidency at noon ET (1700 GMT) on Monday.

Pushing to a record high of $109,000, Bitcoin’s surge caught the attention of analysts who placed the responsibility for the upsurge in President Trump’s lap.

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While the introduction of $TRUMP crypto into the market space wasn’t enough to create that much positive market movement for Bitcoin, President Trump’s promises to legitimize cryptocurrencies even further did exactly that.

There is very little to distinguish between the excitement felt by Trump-supporters as he nears the official handover of power, and the excitement felt by the crypto community online as they watch the #TrumpEffect impact every arena.

Sunday afternoon, Don Jr. weighed in on his X account, calling $TRUMP the “hottest digital meme on earth”.

He trumped up (pun absolutely intended) the World Liberty Financial platform, and prophesied a golden era of decentralized crypto.

President Trump certainly benefited directly as a result of $TRUMP.

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He reportedly increased his bottom line by $50 billion dollars just from the first 48 hours of his new meme coins rise — which is still happening, according to a story on CCN crypto news:

Donald Trump’s latest move into the crypto space has paid off in a big way.

The incoming president launched his official memecoin, TRUMP, on Jan. 17, and within just 48 hours, it soared to become the 15th largest asset with a $12 billion market cap.

Known for his previous NFT card launches, which netted him millions, Trump’s latest venture has caught everyone’s attention.

The token’s meteoric rise has added nearly $50 billion to Trump’s wealth and continues to add more.

The excitement blended almost seamlessly with the inaugural balls in DC last night.

Solja Boy mixed it up at the first Crypto Ball.  No word on whether he bought $TRUMP or not.

Nick O’Neill actually asked around at the Crypto Ball.

It turns out he was the richest one in attendance… because he couldn’t find anyone who had even heard of $TRUMP yet!

At the time of publication, $TRUMP is trading at $53.41, decidedly lower than the headline grabbing amounts of yesterday, but still about 630% higher than at open.

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A single Bitcoin, on the other hand, is currently a cool $108,097, highlighting the reason it is by far the most trusted cryptocurrency on the planet.

If this is what happens just based off of the excitement created because President Trump is likely to make good on his crypto-actions as President, just imagine what might happen when he is actually sworn in?

That #TrumpFactor is everywhere… and he isn’t even in the White House, yet.


 

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