{"id":12323,"date":"2025-01-21T09:52:27","date_gmt":"2025-01-21T04:22:27","guid":{"rendered":"https:\/\/entrepreneurmirror.com\/?p=12323"},"modified":"2025-01-21T09:52:27","modified_gmt":"2025-01-21T04:22:27","slug":"the-market-value-of-trumps-cryptocurrency-token-soars-to-11-7-billion","status":"publish","type":"post","link":"https:\/\/entrepreneurmirror.com\/staging-site\/2025\/01\/21\/the-market-value-of-trumps-cryptocurrency-token-soars-to-11-7-billion\/","title":{"rendered":"The Market value of Trump&#8217;s Cryptocurrency token Soars to $11.7 Billion"},"content":{"rendered":"<p>Just hours before the US President-elect returned to the White House, bitcoin reached a record high, while Donald Trump&#8217;s freshly launched cryptocurrency surged to nearly $12 billion in market value on Monday, attracting billions in trading volume.<\/p>\n<p>Trump&#8217;s meme coin, also known as $TRUMP, was launched on Friday and, according to CoinMarketCap, which rated it as the 18th largest cryptocurrency, jumped to $58.56 by 0820 GMT on Monday, giving it a market capitalisation of almost $11.7 billion. Its trading volume in a 24-hour period was $52.5 billion.<\/p>\n<p>Trump expanded his cryptocurrency interests, which already include World Liberty Financial, on Friday by launching a digital token with branding that included an image from his July assassination attempt. CIC Digital LLC owns 80% of the total number of tokens.<\/p>\n<p>According to CoinMarketCap, Melania Trump debuted her own cryptocurrency on Sunday at roughly $12.03, with a market value of $1.9 billion at 0820 GMT.<\/p>\n<p>Early European trading saw Cryptocurrency reach a fresh all-time high of $109,071.86. This month, the biggest cryptocurrency in the world has increased by almost 10%. The introduction of Trump&#8217;s meme coin even caught the cryptocurrency community off guard.<\/p>\n<p>The introduction of the official Trump coin raises many moral and legal issues, despite the temptation to write this off as another Trump show, according to Hong Kong-based independent crypto analyst Justin D&#8217;Anethan.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><a href=\"https:\/\/entrepreneurmirror.com\/staging-site\/one-of-the-most-well-liked-places-for-new-years-eve-festivities-is-dubai\/\">One of the Most well-Liked Places for New Year&#8217;s Eve Festivities is Dubai\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/entrepreneurmirror.com\/staging-site\/wildfires-in-and-around-los-angeles-are-out-of-control-forcing-many-to-evacuate\/\">Wildfires in And Around Los Angeles are out of Control, Forcing many to Evacuate\u00a0<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just hours before the US President-elect returned to the White House, bitcoin reached a record high, while Donald Trump&#8217;s freshly launched cryptocurrency surged to nearly $12 billion in market value on Monday, attracting billions in trading volume. Trump&#8217;s meme coin, also known as $TRUMP, was launched on Friday and, according to CoinMarketCap, which rated it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-12323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"_links":{"self":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts\/12323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/comments?post=12323"}],"version-history":[{"count":0,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/posts\/12323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/media?parent=12323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/categories?post=12323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entrepreneurmirror.com\/staging-site\/wp-json\/wp\/v2\/tags?post=12323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}