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At the inaugural Crypto Ball in Washington, D.C., which also took place on Friday night, David Sacks, Trump’s newly appointed crypto and artificial intelligence czar, said, “The reign of ...
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [3]
Trump’s meme coins brought a surge of attention to crypto and many newcomers into the space. To some, the coins signaled Trump’s commitment to crypto and to spurring its growth.
Some crypto enthusiasts hailed the Trump meme coin’s release, saying it’s symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration.
It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon. Meme coins are a strange and highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them.
The crypto industry spent big on Trump’s reelection campaign, helping push him back into the White House after he pledged to turn America into a crypto powerhouse.
Melania Trump then released her own coin on Sunday. President-elect Donald Trump and incoming First Lady Melania Trump have launched cryptocurrency meme coins before the inauguration. On Friday ...
How much is the new Trump meme coin? On Saturday at 1 p.m. ET, the Trump coin was trading at about $31, according to crypto exchange GeckoTerminal. When trading started, the coin's value was 18 ...