Donald Trump's meme coin, $TRUMP, surged to nearly $11 billion in market value just days after its launch, showcasing the volatile nature of cryptocurrency markets.
Launching at less than $10, the value of $TRUMP skyrocketed to a peak of $74.59 within a weekend, highlighting the speculative trends in meme coins.
Despite previously criticizing cryptocurrencies, Trump has evolved in his stance and is now the first presidential candidate to embrace digital assets for campaign donations.
With 80% of $TRUMP tokens owned by CIC Digital LLC, a Trump Organization affiliate, the launch represents a significant convergence of politics and cryptocurrency.
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