Trump Cryptocurrency Launch Sparks Debate

Trump Cryptocurrency Launch Sparks Debate
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The announcement by former U.S. President Donald Trump regarding the launch of a new cryptocurrency named "Trump" (TRUMP-OFFICIAL-USD) has sparked much debate within the digital currency world.

Following the launch, Trump’s wealth saw an unexpected surge, thanks to cryptocurrencies. His fortune rose by approximately $60 billion in just a few days, leading to a 750% increase, thus placing him among the top 25 billionaires in the world, after previously ranking 472nd before the digital currency's launch.

Performance of the Trump Digital Currency: Significant Value Increase

The Trump digital currency experienced a notable rise of 10.60% in the past 24 hours, with a weekly increase of 548%. The value of the coin has climbed to $42.09, contributing to a market capitalization of over $15 billion, according to data from CoinMarketCap.

What is the Trump Cryptocurrency?

The "Trump" cryptocurrency was launched by CIC Digital, a company affiliated with the Trump Organization, promoting the currency under the slogan "Join the Trump community. This is history in the making!"

Reports indicate that CIC Digital and its affiliated companies control 80% of the currency's supply, with plans to gradually issue new tokens over the next three years, bolstering their control over the digital market.

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