Launched on January 17 token TRUMP became the 18th largest cryptocurrency by market capitalization. The new US President Donald Trump positions the coin as part of his initiative “America — first”, in which 80% of the tokens belong to his companies CIC Digital LLC and Fight Fight Fight LLC.
After launching on January 17, token TRUMP became the 18th largest cryptocurrency by market capitalization. The new US President positions the coin as part of his initiative “America — first”, in which 80% of the tokens belong to his companies CIC Digital LLC and Fight Fight Fight LLC.
The launch of the meme coin was accompanied by a capitalization decrease. So, within a day, it dropped from $10 billion to $10.3 billion (-18.55%), which is related to the launch of token MELANIA, where liquidity began to be transferred.
Currently, there is a flow of money into old well-known altcoins. Thus, the price of TRUMP decreased to $51.86 (the maximum was $75.35), and MELANIA — to $8.74 (the maximum was $13.73).
Interestingly, Trump’s cryptoservice World Liberty Financial (WLFI) sold 20% of native tokens against the backdrop of the launch of meme coins TRUMP and MELANIA. But also on January 19 bought 26,103 ETH for $86.36 million. And already on January 20, World Liberty Financial placed 65.50 million USDC and 99.66 million USDT.
The launch of tokens provoked lively discussions. Analyst Justin D’Anetan noted, that such initiatives mix politics, finances, and influence, creating a “Pandora’s box” for regulators.
Peter Schiff, a well-known critic of cryptocurrencies, called $TRUMP “the new digital gold”. Meanwhile, Charles Hoskinson, the founder of Cardano, characterized TRUMP as a “token of political support”, reflecting Trump’s influence and popularity.
The Trump administration plans to soften regulations in the crypto sphere, which has already pushed bitcoin to a record $109 thousand. According to forecasts, the next few years will be an experimental era for crypto assets.
Some analysts believe that the new wave of memecoins, which started with the launch of TRUMP, will last at least until 2028, transforming the cryptocurrency market into a space for innovation and high risks simultaneously.
