US President-elect Donald Trump made positive comments about cryptocurrencies during his election campaign and even called for America to be declared the crypto capital. He even urged everyone to stock up on cryptocurrencies and told them not to sell. Moreover, since he was a presidential candidate, he has made a place in the minds of many crypto lovers. Now he has entered the market and brought a new 'meme' coin to the crypto-market. The meme coin he brought to the market recorded a capitalization of nearly $14 billion within hours of entering the market. Which is to say, this is one of the records. Its new coin is listed on several exchanges. The Solana-based meme coin was unveiled early Saturday morning, two days before the president was sworn in.
The token began trading at an opening price of $0.1824. However, in just five hours, the price rose to over 8000%. Like a while ago when I checked I saw the price was over $25. It even rose above $28 within a few moments. However, when it entered the market, its price was as low as $3.81 and now its price is currently rising. But the interesting thing is that more than 66 thousand buyers bought this meme coin after it was released in the market. Even with that, 18,000 people have already made sales. Liquidity also increased with buying and selling by about $388 million.
However, there were such meme coins in the market, especially on some exchanges, and many claimed that they belonged to President Donald Trump. But they had no basis. But before this coin hit the market, Trump himself shared his opinion about it through his official Truth Social and X accounts. And immediately there he announced the launch of his new crypto currency. If you check Donald Trump's verified social media platform you will see his honesty where he wrote about his new coin and there he wrote, My new official 'Trump meme' is here! Join my special Trump community. Get your '$TRUMP' (Trump meme) right now. They commented like this on the official page. And he also said that, have fun! The crypto community initially raised concerns about the legitimacy of Trump's token. This is considered a warning of a possible 'hack' or 'social engineering scheme'.
If you want to trade '$TRUMP' compliant coins then you can trade by visiting MEX C Global Exchange where you can get this coin directly and today it is listed in the market and currently trading above $26. The most interesting thing is that it has acquired a huge market cap in a very short period of time and is valued at $14 billion. However, due to this, the market may have a lot of impact. However if in doubt as to whether this is Donald Trump's coin you can check his posts on Donald Trump's official social media pages and where you will find honesty and where he still leaves his posts. However, as the market cap is currently increasing, it seems that the price of this coin may increase further. Moreover, after two days he is going to sit in the presidential seat.
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Upvoted! Thank you for supporting witness @jswit.
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Task proofs:
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I am so sure that with trump winning the election, it will certainly be great
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Are the pumps only coming to meme coins! We are seeing massive pumps in Solana,
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I think holding meme coins for a long time is a bad decision because these coins have no use cases.
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