President Donald Trump announced the new "Meme" coin $TRUMP in a post shared on his X account. Donald Trump invited his followers to join the community by purchasing the Meme coin. According to Coinmarketcap data, the value of $TRUMP, which initially reached $12.5, has increased by 120 percent in the last 24 hours. As of the time we write this news, the value of $TRUMP has reached $24.8. The market cap of the meme coin in question is approximately $4.96 billion.

If you recall, Trump announced that he would launch a cryptocurrency platform during the election period with a post he made on his social network Truth Social. Donald Trump also stated that he would make the US the crypto capital of the planet as part of his election promises. We had shared with you the relationship between the leading names of Silicon Valley and Trump. We had stated that the technology sector would also be active in the inauguration celebrations. Because sources were reporting that Peter Thiel was planning to organize an inauguration party. The information shared showed that the leaders of the sector would attend a "Crypto Ball" on Friday to celebrate the "first crypto president". With this new initiative, Donald Trump has virtually met the expectations of the technology and crypto sectors.