President-elect Donald Trump launched his $Trump Coin cryptocurrency days before taking office.

The 47th President of the United States posted this message on X and the Truth Social app:

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“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW!”

FEATURED STORIES TECHNOLOGY AI antivenom shows 100% success rate against lethal cobra venom TECHNOLOGY Accounting technicians can boost Philippine economy – group TECHNOLOGY Ransomware incidents increased by 11% in 2024, says Check Point What do we know about Trump Coin?

My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

The BBC reports that CIC Digital LLC coordinated the launch of this presidential token.

The company is a Trump Organization affiliate, which previously sold Trump-branded footwear and fragrances.

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CIC Digital LLC and Fight Fight Fight LLC own 80% of the tokens, but it is unclear how much Trump can earn from this venture.

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Cryptocurrency price tracker CoinGecko shows the $TRUMP price skyrocketed by 600%, which was $27.40 at the time of writing. 

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Moreover, Trump Coins follow a three-year unlocking schedule, preventing holders from dumping their holdings simultaneously. 

The BBC describes them as meme coins, which “are used to build popularity for a viral internet trend or movement.” 

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However, they “lack intrinsic value and are extremely volatile investments.” 

Regardless, the official website emphasizes the Trump Coin’s meme status by saying: 

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“This Trump Meme celebrates a leader who doesn’t back down, no matter the odds.”

The Trump Coin highlights the President-Elect’s influence and his upcoming administration’s pro-crypto stance. 

WASHINGTON, United States — Boeing and its striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday.

Before the digital token announcement, he and his sons opened a crypto venture named World Liberty Financial.

In August 2024, he promised at a Bitcoin conference in Nashville that he would make America “the crypto capital of the planet.”

As a result, many speculate that he will launch the US Strategic Bitcoin Reserve, which is similar to a country’s gold reserve.

See how a Bitcoin reserve might work here.

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This article does not provide financial advice. Please consult a financial advisor for proper guidance in building your portfolio.ezjili

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