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Author: Admin | 2025-04-28
In the days leading up to his inauguration on January 20, 2025, President-elect Donald Trump, alongside his wife Melania Trump, introduced their cryptocurrency meme coins, $TRUMP and $MELANIA. These launches shocked the crypto market and set an even more bullish tone for 2025. Here’s what you missed…Crypto CasinoPlay with crypto at Bovada CasinoLaunch of $TRUMP and $MELANIAOn January 17, 2025, Donald Trump unveiled the $TRUMP meme coin, hosted on the Solana blockchain. The initial coin offering (ICO) released 200 million tokens to the public. At the same time, two Trump-owned entities, CIC Digital LLC and Fight Fight Fight LLC, retained 800 million tokens, accounting for 80% of the total supply. The coin’s logo features a cartoon image of Trump raising his fist, symbolizing his resilience following the attempted assassination in July 2024. Within hours of its launch, $TRUMP’s value surged by over 300%, reaching a market capitalization of approximately $27 billion. The next day, the market cap rose to over $70 billion.Shortly thereafter, Melania Trump introduced her meme coin, $MELANIA, which quickly achieved a market cap exceeding $10 billion. The Crypto Ball and Industry AwarenessCoinciding with the launch of $TRUMP, an unofficial “Crypto Ball” was held ahead of the inauguration, attended by prominent figures in the cryptocurrency industry. Notably, David Sacks, appointed as Trump’s crypto and AI Czar, addressed attendees, declaring an end to the “reign of terror against crypto” and heralding a new era of innovation in America for the sector. Sacks, an indirect investor in the Solana platform, emphasized its potential within the blockchain market. Venture capitalist Marc Andreessen, an informal advisor to the Trump presidential transition, has also been Solana’s investor in and promoter through his firm a16z. The timing of the $TRUMP coin’s launch during the Crypto Ball led to a situation in which many crypto executives and leaders were unaware of the coin’s introduction as they were engaged in the event’s proceedings. This lack of immediate awareness among industry leaders highlights the surprise element of the launch and its potential implications for market dynamics.However, this shouldn’t surprise us because Trump has increasingly become a renegade in his approach to crypto and politics. He WANTS to be unpredictable, and this move was seen as taking the reigns back as President of the United States, which is a bullish prospect for crypto since Trump himself has now launched 3 cryptos (World Liberty Financial, TRUMP, and MELANIA), 2
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