President-elect Donald Trump launched a meme coin, $TRUMP, which has surpassed a $5 billion market capitalization shortly after its debut. Announced on Truth Social, the coin celebrates his presidential victory and upcoming inauguration, with its price surging over 300% to nearly $29. Developed by blockchain platform Solana, the coin has an initial supply of 200 million tokens, with plans to expand to 1 billion within three years. The Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC own 80% of the tokens not yet publicly released and will share in trading revenue. While marketed as a novelty, the coin’s website states it is not an investment, security, or politically affiliated initiative. Continue here.
