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<blockquote data-quote="Box Ox" data-source="post: 6046395" data-attributes="member: 48469">Sigh[URL unfurl=&quot;true&quot;]https://www.forbes.com/sites/tylerroush/2025/01/18/donald-trump-launches-trump-meme-coin-token-nears-6-billion-market-cap/[/URL]&quot;A new meme coin launched by President-elect Donald Trump on Friday has eclipsed a market capitalization of $5 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.Trump announced the launch of his meme coin, $TRUMP, in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/113846888132979151" target="_blank">post</a> late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration.The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, <a href="https://coinmarketcap.com/currencies/official-trump/" target="_blank">according</a> to CoinMarketCap.Solana, a cryptocurrency and blockchain platform, developed the meme coin and has limited the supply of $TRUMP to 200 million coins at launch before expanding the overall supply to 1 billion over the next three years, according to the coin’s <a href="https://gettrumpmemes.com/#how-to" target="_blank">website</a>.The remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on Jan. 7, according to state filings, and both companies will receive an undisclosed amount of revenue derived from trading activity.&quot;</blockquote>

[QUOTE="Box Ox, post: 6046395, member: 48469"] Sigh [URL unfurl="true"]https://www.forbes.com/sites/tylerroush/2025/01/18/donald-trump-launches-trump-meme-coin-token-nears-6-billion-market-cap/[/URL] "A new meme coin launched by President-elect Donald Trump on Friday has eclipsed a market capitalization of $5 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration. Trump announced the launch of his meme coin, $TRUMP, in a Truth Social [URL='https://truthsocial.com/@realDonaldTrump/posts/113846888132979151']post[/URL] late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration. The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, [URL='https://coinmarketcap.com/currencies/official-trump/']according[/URL] to CoinMarketCap. Solana, a cryptocurrency and blockchain platform, developed the meme coin and has limited the supply of $TRUMP to 200 million coins at launch before expanding the overall supply to 1 billion over the next three years, according to the coin’s [URL='https://gettrumpmemes.com/#how-to']website[/URL]. The remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on Jan. 7, according to state filings, and both companies will receive an undisclosed amount of revenue derived from trading activity." [/QUOTE]

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