Trump announces launch of his own cryptocurrency. PHOTO
US President-elect Donald Trump has announced the launch of his own cryptocurrency, the $TRUMP memecoin.
He wrote about this in the social network X, Censor.NET reports.
"It's time to celebrate everything we stand for: victory. Join my community and get your $TRUMP right now," Trump said in a post.
According to the project's website, 200 million coins will be available to users on the first day, and the total supply will grow to 1 billion within three years.
In the first hour after the launch, the capitalisation of the $TRUMP memecoin reached $3 billion, and an hour and a half later it exceeded $4 billion.
The project's website is designed in the style of Trump, with his phrase from the assassination attempt in the summer of 2024: "Fight, fight, fight."
Trump had previously called cryptocurrencies a scam, but said he changed his mind during the campaign.
He promised to make the United States the "world capital of cryptocurrency" and accumulate a national bitcoin reserve.