U.S. President-elect Donald Trump has launched his own cryptocurrency, named the “$Trump meme coin,” with a rapidly growing market capitalization reaching billions of dollars. This move comes as Trump prepares to take office as the 47th President of the United States on Monday. The launch was managed by CIC Digital LLC, an affiliate of the Trump Organization. Critics have raised concerns about the potential for price manipulation, warning that investors might face losses after an initial surge in value. Despite the controversy, the coin has gained significant attention, with 200 million digital tokens released and more expected in the coming years.
