President-elect Donald Trump recently launched a cryptocurrency called the $TRUMP meme coin. Introduced on January 17, 2025, just days before his inauguration, the coin experienced significant volatility, with its price surging from $10 to about $70 before stabilizing around $46.06, giving it a market capitalization of approximately $9.2 billion.
REUTERS
The $TRUMP coin is promoted as a digital collectible rather than an investment opportunity. However, its release has raised ethical concerns, as the Trump Organization's affiliate, CIC Digital LLC, holds a significant portion of the coins, potentially benefiting from trading activities.
Additionally, Melania Trump launched her own cryptocurrency, $MELANIA, which quickly achieved a valuation of over $10.1 billion.
Critics warn that these ventures could pose conflicts of interest, especially with President-elect Trump's plans to promote pro-crypto policies during his tenure.
Additionally, Melania Trump launched her own cryptocurrency, $MELANIA, which quickly achieved a valuation of over $10.1 billion.
Critics warn that these ventures could pose conflicts of interest, especially with President-elect Trump's plans to promote pro-crypto policies during his tenure.