A brand new Trump “meme coin,” launched three days earlier than his inauguration as President of The USA, has skyrocketed in worth, multiplying by over 100.
Trump has promised to be the primary pro-crypto President in historical past.
Trump beforehand spoke on the Nashville Bitcoin Convention whereas campaigning for President in July and promised he would hearth present SEC Chairman Gary Gensler “on day one” and “appoint a brand new SEC Chairman who believes America ought to construct the long run, not block the long run.”
He additional declared that below his Administration, the USA will turn out to be the “Crypto capital of the planet and the Bitcoin superpower of the world.” He continued, “If crypto goes to outline the long run, I need it to be mined, minted, and made within the USA.”
“And if Bitcoin goes to the moon, as we are saying–It’s going to the moon–I need America to be the nation that leads the best way, and that’s what’s going to occur.”
WATCH:
As The Gateway Pundit reported, Trump has assembled a pro-crypto crew, together with tech billionaire David Sacks because the first-ever “White Home A.I. and Crypto Czar” and Paul Atkins as Securities and Change Fee (SEC) Chair.
Sacks appeared on the pre-inaugural Crypto Ball Friday night time in Washington, DC, the place he proclaimed that “The reign of terror in opposition to crypto is over, and the start of innovation in America for crypto has simply begun.”
Trump introduced his meme coin on X Friday night:
“My NEW Official Trump Meme is HERE! It’s time to have a good time every thing we stand for: WINNING! Be part of my very particular Trump Neighborhood. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Enjoyable!”
My NEW Official Trump Meme is HERE! It’s time to have a good time every thing we stand for: WINNING! Be part of my very particular Trump Neighborhood. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Enjoyable! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The Kobessi Letter defined in an X thread how the coin noticed a parabolic rise from its launch value of about $.25 to, as of this morning, a rise of “9,500% with $2.2 BILLION of quantity traded in below 12 hours.”
The crypto reached a peak of practically $34 in worth this morning at roughly 11 am ET.
The preliminary launch of the coin was so laborious to imagine, it got here with skepticism.
Merchants figured Donald Trump’s account was hacked.
Nonetheless, no assertion on a hack surfaced so the coin saved rising.
At 12:45 AM ET, $TRUMP broke above $10.00 and the rally accelerated quickly. pic.twitter.com/FmPaVGlQ8t
— The Kobeissi Letter (@KobeissiLetter) January 18, 2025
Some are making hundreds of thousands off of their early purchases of the memecoin.
Learn the complete explainer from The Kobeissi Letter here.
The Gateway Pundit just isn’t offering funding recommendation. This writer doesn’t personal TRUMP cryptocurrency.
