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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

The Official Trump Coin Jumps 600% Overnight To Reach a £27 Billion Market Cap, Lifts Solana by 15%

The $TRUMP meme coin was reportedly launched during the 17th January Crypto Ball in Washington. (Credit: AFP News)

President-elect Donald Trump shocked the crypto industry by launching his first official cryptocurrency, the $TRUMP meme coin, while reportedly hosting a "Crypto Ball" on Friday night with the industry in Washington, D.C.

The Crypto Ball was organised to celebrate Trump's pro-crypto policies. He also announced the launch of the $TRUMP coin on Truth Social and X, formerly Twitter, which is already proving to be a massive boost for the crypto industry.

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