Trump Launches Cryptocurrency "TRUMP," Skyrockets 40,000%, Crypto Market in Chaos, 260,000 Liquidations!

2025-01-20 10:08

The cryptocurrency market has been hit by massive volatility. With President-elect Donald Trump preparing for his inauguration and launching his own cryptocurrency, the market has gone into a frenzy.

Bitcoin Hits New High, TRUMP Coin Steals the Spotlight
Bitcoin briefly surpassed $105,000, but as capital poured into Trump’s newly launched cryptocurrency TRUMP, a siphoning effect caused corrections in other coins, such as Ethereum and Avalanche. According to CoinGlass, nearly 260,000 liquidations were reported in the past 24 hours, with TRUMP’s liquidation volume outpacing both Bitcoin and Ethereum, drawing attention from across the market.
Trump's Crypto Policy Shift Looms

Sources suggest that Trump is planning an executive order to elevate cryptocurrencies to a national priority, granting insiders more influence within his administration. This executive order could be unveiled as early as January 20, and it’s expected to include national strategic priorities for crypto, a potential suspension of lawsuits related to the sector, and even consideration of a national Bitcoin reserve.

TRUMP Coin Soars 40,000%, Sparking Debate
The launch of Trump’s Meme coin, TRUMP, has been the hottest topic in crypto. On January 18, Trump announced the release of his personal Meme coin, TRUMP, directing users to the “gettrumpmemes” website to obtain the token. Initially priced at $0.1824, TRUMP has surged to over $70, marking a staggering 40,000% increase.
Analysts argue that Trump’s direct involvement in the launch blurs the lines between governmental roles and business interests, with 80% of TRUMP coins being held by the Trump Organization. This has led to concerns about potential profiteering from his presidential position. Others see TRUMP as the beginning of the political meme coin market, with the decentralized exchange listing marking a significant innovation in the crypto ecosystem, signaling the possible dawn of a “blockchain spring.”