Trump Launches $TRUMP Cryptocurrency with $5.5 Billion Market Cap Hours After Debut

Donald Trump has unveiled his official meme cryptocurrency, $Trump, as he prepares to take office as the 47th U.S. president. Launched by CIC Digital LLC, the meme coin skyrocketed to a market capitalization of $5.5 billion within hours of its release.

Trump announced the venture on Truth Social, stating, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”

With 200 million tokens in circulation and plans to release 800 million more over three years, the coin’s website emphasizes its purpose as a celebration of resilience rather than an investment opportunity.

However, critics are raising concerns about its timing and potential risks to investors. Cryptocurrency enthusiasts are optimistic about a pro-crypto stance from the Trump administration, hoping for a boost to the industry.

Is $TRUMP a bold step into the crypto future or just another speculative venture? Share your thoughts!