The cryptocurrency industry is excited about Trump's regulatory promises, which aim to create growth and stability, as he launches a meme coin called $TRUMP.
Trump's surprise announcement about the $TRUMP coin led to a rapid increase in value, skyrocketing its market capitalization to over $72 billion by Sunday morning.
Despite having no genuine use case, the $TRUMP coin climbed into the ranks of the most valuable cryptocurrencies, signaling a speculative wave in the crypto market.
Trump's meme coin success highlighted the absurdity of the crypto market where immense wealth can be generated even from products lacking fundamental value.
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