Donald Trump's official memecoin, called “Official Trump Meme” (TRUMP), was recently launched and is now available for trading in Brazil.

Trump's meme coin, also known as TRUMP, rose to $58.56 on Monday morning (20), which represents a significant jump since its launch. With this, it reached a market value of around $11.7 billion, becoming one of the most talked about cryptocurrencies on the global scene.

The launch comes in the wake of Donald Trump's inauguration as President of the United States, scheduled for today (20) in Washington, which brings even more visibility to the asset.