Sun Jan 19 16:00:00 UTC 2025: **Trump’s New Meme Coin Soars to $5 Billion Market Cap**

NEW YORK – A newly launched cryptocurrency, $TRUMP, associated with President-elect Donald Trump, has skyrocketed in value, reaching a market capitalization of $5.81 billion within hours of its release. The coin, developed by Solana, was announced Friday on Truth Social and has seen a price increase of over 300%, trading at just under $29 as of Saturday morning. The initial supply is limited to 200 million coins, expanding to 1 billion over the next three years. A significant portion (80%) of the tokens are currently held by Trump Organization affiliates, CIC Digital LLC and Fight Fight Fight LLC.

The coin’s website includes a disclaimer stating that $TRUMP is not an investment opportunity or security and is unrelated to any political campaign. Despite this disclaimer, the coin’s launch has generated significant trading volume, exceeding $6.64 billion by Saturday morning.

This launch follows Trump’s previous pronouncements aiming to make the U.S. the “crypto capital of the planet.” His election victory previously coincided with a surge in Bitcoin’s value, and his plans for reduced crypto regulations, including a potential bitcoin reserve for the federal government, have further fueled market activity. Bitcoin briefly surpassed $105,000 following news of these plans.

$TRUMP represents the latest in a series of merchandise ventures by Trump, following the release of items such as watches, coins, and NFTs. These ventures have generated millions of dollars in revenue for the President-elect.

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