Donald Trump released his meme coin, $Trump, on Friday evening. The debut proved successful, with the token reaching a US$14 billion market capitalization.
That was soon followed by the $Melania token, launched on the solana blockchain, achieving a US$5 billion market valuation. The launch triggered active trading between both tokens, with $Trump experiencing a 40% price adjustment as investors redistributed positions.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
David Sacks, appointed as crypto and artificial intelligence advisor, outlined an optimistic vision at a crypto event on Friday, suggesting a new era of cryptocurrency development in America.
“The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun,” he said.
Trump Admin Crypto Tzar DAVID SACKS:
“The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun.”
Let’s go! @Bitcoin @Worldlibertyfi $Trump pic.twitter.com/rxcIyzWQ7m— Eric Trump (@EricTrump) January 18, 2025
These high-profile engagements demonstrate cryptocurrency’s evolution from a niche technology to a significant element of the financial landscape. The market’s robust response to these launches highlights the sector’s growing liquidity and trader participation.
Yet the rapid price movements and significant market caps highlight both the opportunities and dynamic nature of cryptocurrency markets, as digital assets continue to attract mainstream attention.
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