Trump has announced the launch of his own cryptocurrency.

The newly elected President of the United States, Donald Trump, has announced his own cryptocurrency - $TRUMP. It has already sparked excitement among crypto enthusiasts.

This is reported by RBK-Ukraine, referencing Trump's statement on X and DexScreener.

Just a few days before his inauguration for a second term, Trump introduced the official meme coin based on the Solana blockchain.

"My new official Trump meme is HERE! It's time to celebrate all that we stand for: VICTORY! Join my special Trump Community. GET YOUR $TRUMP NOW. Have fun!" - Trump declared.

Photo: Trump's new cryptocurrency (x.com/realDonaldTrump)

It should be noted that the meme coin $TRUMP quickly rose in value, peaking at $23.03 according to the latest trading data.

DexScreener currently estimates the market capitalization at $4.28 billion, although this figure only accounts for 200 million tokens currently in circulation, while the total supply will reach 1 billion tokens. 80% of these are locked and will be gradually released over the next three years.

Recall that the recently elected President of the United States, Donald Trump announced the name of the person who will handle U.S. policy on artificial intelligence and cryptocurrencies after his inauguration.

It is worth noting that the cryptocurrency market is actively reacting to Trump.

Remember that on the night of Thursday, December 5, Bitcoin first reached the milestone of $100,000 per coin. This new record occurred after Trump introduced the candidates for his administration, who are believed to be key to initiating a cryptocurrency-friendly policy when the Republican takes office in January.