Donald Trump Launches $TRUMP Memecoin at Crypto Ball with $11 Billion Market Cap
During the recent Crypto Ball in Washington, D.C., notable crypto industry figures gathered. Key events and details include:
- Donald Trump launched a memecoin, $TRUMP, which quickly reached a market cap of $1 billion.
- The event featured performances by Snoop Dogg, Rick Ross, and Soulja Boy.
- Notable attendees included David Sacks, Donald Trump Jr., and House Speaker Mike Johnson.
- Tickets ranged from $2,500 to $100,000, with VIP packages available for $1 million.
- While some attendees were aware of $TRUMP, many were more focused on the performances than the token.
- Criticism arose regarding the memecoin's impact on the crypto industry's reputation.
- As of Inauguration Day morning, $TRUMP’s market cap was just below $11 billion.
The token is now listed on platforms like Kraken and Coinbase.