In a transfer that stunned the complete cryptocurrency market at the moment, the brand new President of america, Donald Trump, launched his personal memecoin.
After Trump first shared the launch on Fact Social, it was thought for some time that his account had been hacked. Nevertheless, the identical publish was shared on Twitter after which information of the listings began to drop from main cryptocurrency exchanges.
Curiously, Trump made extra money in at some point from this memecoin launch than he had in his whole life to this point.
In keeping with Forbes estimates, President Trump’s complete private wealth was considered $5.6 billion in November 2024. After the launch of the memecoin, Trump’s wealth elevated by $22 billion in at some point, to roughly $28 billion. Which means that, if Forbes estimates are appropriate, Trump’s wealth has elevated fivefold due to the TRUMP memecoin.
Nevertheless, that is assuming that he truly owns CIC Digital LLC and Battle Battle Battle LLC, which collectively personal 80% of the TRUMP provide.
*This isn’t funding recommendation.
