President-elect Donald Trump’s newly launched digital token, TRUMP, has surged to a jaw-dropping market capitalization of $10.7 billion. Launched just days before his return to the White House, the coin climbed to $52.71 by midday Monday, making it the 18th largest cryptocurrency, according to CoinMarketCap.
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The excitement doesn’t stop there. Bitcoin, the world’s largest cryptocurrency, also hit a record high of $109,071.86 in early trading, fueled by expectations of Trump’s pro-crypto policies. Trump’s promise to be a “crypto president” has ignited optimism in the market, with industry insiders anticipating executive orders aimed at easing regulatory barriers for digital assets.
TRUMP Coin Sparks Ethical Questions
While the launch of TRUMP has drawn immense interest, it hasn’t been without controversy. “The official Trump token opens up a Pandora’s box of ethical and regulatory questions,” said Justin D’Anethan, a crypto analyst based in Hong Kong. Critics worry about the implications of public figures leveraging their influence in speculative markets.
Adding to the frenzy, Melania Trump unveiled her own cryptocurrency, MELANIA, which is trading at $9.6 with a market cap of $1.85 billion.
As Trump prepares to take office, his influence on crypto markets is undeniable. With Bitcoin soaring and TRUMP token dominating headlines, the digital asset space is bracing for an era of unprecedented growth—and scrutiny.
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