U.S. President-elect Donald Trump Explodes His Own Meme Coin Released Ahead of His Inauguration

According to CoinMarketCap, the price of this coin is trading at $45.91 as of 4:32 p.m. Korean time on the 19th, up 230% from 24 hours ago.

Former U.S. President Donald Trump, who promised to become a pro-crypto president, is personally hyping a meme coin that was launched before his inauguration.

According to CoinMarketCap, the coin's price was trading at $45.91 as of 4:32 p.m. on the 19th, up 230 percent from 24 hours earlier. Its market capitalization also rose to 19th place among all virtual currencies, with a market cap of $9.18 billion (approximately 13.4 trillion won).

Earlier on the 17th (local time), Trump wrote on social media platforms Truth Social and X (X, formerly Twitter), "Time to celebrate 'victory' in everything we stand for," and added, "Join the special Trump community and get $TRUMP."

Trump did not make any further comments after that, but his second son, Eric, wrote in an online post the following day that the coin was "the hottest digital meme in the world," and Trump's X account also reposted it.

On the first screen of the coin's homepage, the phrase "the only official Trump meme" is displayed.

Fox Business in the U.S. pointed out that the price of the Trump meme coin, which was only a few cents at the time of its launch, had already risen by 18,000 percent to reach $33.87.

Meme coins are defined as speculative virtual currencies that are created based on parodies or jokes without any intrinsic utility.

According to the Trump Meme Coin website, two affiliates (Fight Fight and CIC Digital) of the Trump Organization, where second son Eric serves as senior vice president, hold 80 percent of the coin's circulation.

Trump's transition team did not express a separate stance on the matter.