Trump Stakes $TRUMP Meme Coin Amid Inauguration

Washington, D.C. — In a surprising manoeuvre just days before his inauguration, President-elect Donald Trump unveiled a new cryptocurrency token named $TRUMP. Announced via his social media platforms, the meme coin experienced an immediate surge in value, sparking discussions across financial and political arenas.

The $TRUMP coin, introduced on 17 January 2025, was initially priced at £8 per token (equivalent to $10). Within hours, its value skyrocketed to approximately £56, marking a 600% increase. This rapid appreciation propelled its market capitalisation to nearly £9.1 billion, positioning it among the top-tier cryptocurrencies globally.

The coin's distribution has raised eyebrows due to its concentration. An affiliate of the Trump Organisation, CIC Digital LLC, retains 80% of the total supply of 1 billion tokens. These holdings are slated for gradual release over the next three years, a strategy that has prompted concerns about potential market manipulation and conflicts of interest.

Adding to the family's crypto ventures, incoming First Lady Melania Trump launched her own meme coin, $MELANIA, shortly after the debut of $TRUMP. This token also saw a significant surge in value, further highlighting the influence of the Trump brand in the digital asset space.

The introduction of $TRUMP has elicited mixed reactions, with some critics likening the stunt to high-stakes gambling that could have serious consequences for the public. Proponents, however, view it as a bold step towards integrating blockchain technology into mainstream finance, aligning with President-elect Trump's campaign promise to establish the U.S. as a global crypto leader. Conversely, opponents argue that the venture blurs the lines between personal business interests and public office, potentially violating ethical norms and the Constitution's foreign emoluments clause.

The launch of $TRUMP and $MELANIA coins has intensified debates within the cryptocurrency community. While meme coins have historically been viewed as speculative assets with limited utility, the endorsement by high-profile figures like the Trumps may signal a shift in perception. However, industry experts caution that such ventures could attract regulatory scrutiny and emphasise the importance of transparency and investor protection.

As President-elect Donald Trump prepares to assume office, his foray into the cryptocurrency market with the $TRUMP meme coin underscores a complex interplay between innovation, market dynamics, and ethical considerations. The coming months will reveal how this initiative influences both the crypto industry and the broader economic landscape.

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