Trump Family Spurs Bullish Sentiment in the Crypto Space

Donald Trump's new meme coin, $TRUMP, slumped by 47% after Melania Trump matched his stride and launched her own token.

Donald Trump’s crypto project, $TRUMP, has doubled in value since his wife, Melania Trump, launched her own token.

The Solana-based coin, which was created to celebrate Trump “WINNING” the US presidential election, had dropped by 46% after Melania’s token hit the market.

But $TRUMP has since recovered, now trading at $52 — still 30% lower than its all-time high (ATH) achieved one day post-launch.

Meanwhile, Trump’s own DeFi platform has acquired 14,403 $ETH, now valued at $48M.

Trump’s crypto project, $TRUMP, has doubled in value since his wife, Melania Trump, launched her own token.

According to CoinGecko, $TRUMP is up 105% in the past 24 hours and now trades at $51.9.

The Solana-based coin was created to celebrate Trump “WINNING” the US presidential election, and it quickly jumped over 1,000% two days after going live.

However, $TRUMP’s value took a hit after Melania’s token was launched, with the coin dropping by 46%.

But $TRUMP has since recovered, now trading at $52 — still 30% lower than its ATH achieved one day post-launch.

Trump himself has dedicated over 90% of his net worth to cryptocurrency.

Meanwhile, Trump’s own DeFi platform has acquired 14,403 $ETH, now valued at $48M.

The platform, which is designed to provide users with high APYs and NFT drops, had earlier announced acquiring 6,666 $ETH in just six hours.

The DeFi platform now has a total TVL of $370M, with 140,000 users and an average user balance of $2,643.

Trump’s DeFi platform is now among the top 20 DeFi protocols by TVL, according to DeFi Llama.