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Trump’s crypto token surges to $11.7 billion market cap, bitcoin hits record high - REUTERS

JANUARY 20, 2025

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SINGAPORE, Jan 20 (Reuters) - Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House.

Launched on Friday, Trump's meme coin, also known as $TRUMP, surged to $58.56 at 0820 GMT on Monday, giving it a market capitalisaton of about $11.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. Its 24-hour trading volume reached $52.5 billion.

Crypto News

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