Trump meme coin doubles again, stake worth $58 billion or more

President-elect Donald Trump launched his own cryptocurrency, $TRUMP, on Friday, which quickly surged in value, reaching a market cap of over $72 billion by Sunday morning.

The coin, billed as the “only official Trump meme,” saw its value skyrocket by more than 600% in the first 24 hours.

Trump’s wife, Melania, also introduced her own coin, $MELANIA, which gained over $5 billion within hours.

The move highlights Trump’s influence and the growing significance of cryptocurrency in his administration, Axios has reported.

read more: https://www.axios.com/2025/01/18/trump-meme-coin-25-billion

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