Its value has risen by billions of dollars. Trump launches his own digital currency

US President-elect Donald Trump announced the launch of his cryptocurrency bearing his name, sparking a buying wave that increased its total value to several billion dollars within hours.
In a message published on his social network, “Truth Social,” and on the “X” platform, Trump presented the new digital currency as a “meme currency,” which is an encrypted currency based on popular enthusiasm about a character, movement, or phenomenon that is popular on the Internet.
The “Meem Coin” has no economic or transactional interest and is often identified as a purely speculative asset.

Trump coin

The project’s official website explained that this coin “celebrates a leader who never backs down, no matter the circumstances,” in reference to during the American election campaign last July that led to his election as president.

It quickly increased, bringing the total capital value of the units in circulation to about six billion dollars.
The project’s official website indicates that 200 million tokens (units) of the currency have been put on the market, while Fight Fight Fight plans to add another 800 million within three years.
The creators of this new digital asset, including Donald Trump, control all the units that have not yet been marketed, and their theoretical value is about $24 billion at the current price.