Originally posted by errolanderson
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Launched on Friday, Trump's meme coin, also known as $TRUMP, stood at $52.71 by 1230 GMT on Monday, giving it a market capitalisaton of about $10.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. The coin rose to as much as $74.59 on Sunday, having risen from less than $10 early on Saturday morning, while 24-hour trading volume reached $52.5 billion.
Trump had on Friday launched the digital token with branding including an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial. Of the total number of tokens, 80% are owned by CIC Digital LLC, which is an affiliate of Trump's business The Trump Organization, and another business called Fight Fight Fight LLC, the token's website says.
Melania Trump launched her own cryptocurrency on Sunday, which was trading at around $9.6 with a market cap of $1.85 billion, at 1230 GMT, according to CoinMarketCap.
Bitcoin hit an all-time high of $109,071.86 BTC= in early European trading before falling back to trade around$106,600. The world's largest cryptocurrency has surged more than 10% so far this month.?
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