Foreign News

Donald Trump launches own cryptocurrency, price soars

Published

4 hours ago

January 19, 2025 Follow

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FOREIGN NEWS: Donald Trump launches own cryptocurrency, price soars [New Foreign News] » Naijacrawl

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Ahead of his return to the White House, the United States, US President-elect Donald Trump has launched his own cryptocurrency, $Trump.

Read Also : Donald Trump Found Guilty on All 34 Felony Counts

The BBC reports that the meme coin quickly soared in market capitalisation to several billion dollars hours after it was launched.

The development comes as the president-elect prepares to be sworn in as the 47th president of the US on Monday, January 20.

The venture was said to be coordinated by CIC Digital LLC, an affiliate of the Trump Organization, which previously sold Trump-branded shoes and fragrances across the US.

As of Saturday afternoon, hours after the launch, the market capitalisation for Trump reached nearly $5.5bn, or £4.5bn, according to CoinMarketCap.com.

CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware earlier this month, own 80% of the tokens. It is unclear how much money Trump might make from the venture.

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” Trump wrote on his social media platform Truth Social as he announced the meme coin on Friday night.

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Victorious

Ojo Sunday Victor is a graduate of Ladoke Akintola University of Technology, Ogbomoso, where he earned a Bachelor's degree in Accounting (B.Sc). He is a versatile professional with expertise in content writing, specializing i... Read More

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Foreign News

See Steps Being Taken By Donald Trump About His Suspended Twitter Account

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3 years ago

October 04, 2021

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FOREIGN NEWS: See Steps Being Taken By Donald Trump About His Suspended Twitter Account [New Foreign News] » Naijacrawl

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The immediate past president of the United States; Donald Trump on the quest of gaining access to his suspended Twitter account has started suing to have a federal district judge force Twitter to give him his account back.Donald Trump is filing a lawsuit in an attempt to get his Twitter account back by arguing his ban violates the First Amendment and a new social media law in Florida. The complaint was filed Friday night and states that the social media company was ...

Foreign News

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4 years ago

October 02, 2020

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The President of the United States of America; Donald Trump and his wife; Menalia Trump have contracted coronavirus.This was made known through a tweet from the verified handle of the presidenency.The tweet readsTonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!

Foreign News

Donald Trump order to acquire more masks from 3m but failed

Published

4 years ago

April 03, 2020

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NEWS: Donald Trump order to acquire more masks from 3m but failed [New Foreign News] » Naijacrawl

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Donald Trump request more face masks because of more Covi19 virus cases in America but 3m company turned him down. See how it is trending on twitter.We hit 3M hard today after seeing what they were doing with their Masks. “P Act” all the way. Big surprise to many in government as to what they were doing - will have a big price to pay!— Donald J. Trump (@realDonaldTrump) April 3, 2020 Good https://t.co/HFh3brDW7Q https://t.co/wVTNuOsw5I— ALX 🇺🇸 (@alx) Apr...