العملة التقليدية مقبولة بنسبة 28000% خلال 36 قد تتكرر ساعة وثروته 10 مرات
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Trump's cryptocurrency surges 28,000% in 36 hours, and his wealth could increase tenfold
January 19, 2025
CNN
1
The cryptocurrency backed by US President-elect Donald Trump surged more than 28,000 percent in 36 hours, with speculation his wealth could increase nearly tenfold as a result.
The rise of the meme coin dubbed "Trump" has outpaced the gains of the S&P 500 since 1971, more than the returns of 54 years of investment.
Trump's cryptocurrency is currently trading above $56, putting its total market capitalization at $11.5 billion. Between midnight Eastern Time on Sunday and 6 a.m. on Sunday, the cryptocurrency's value doubled, reaching a high of $75.35 before retreating slightly due to profit-taking by early investors. Trump's Wealth Jumps Due to Meme Coin
For its part, Arkham Intelligence reported that Donald Trump's wealth nearly quintupled overnight to $28 billion as of Sunday morning. Donald Trump's net worth increased by $22 billion overnight, assuming that CIC Digital Ltd. and Fight Fight Fight LLC, which together own 80 percent of the Trump Meme Coin, were his holdings at the meme coin's price of $28.
At the current price of around $56, this holding is worth $44.8 billion. Forbes estimated the US President-elect's net worth at $5.6 billion in November 2024. If the two companies were his holdings, adding the meme coin holdings would represent a nearly tenfold increase.
Reasons for the Trump Cryptocurrency's Rise
Over the past 24 hours, there were approximately 38,500 sellers of the cryptocurrency compared to approximately 13,300 buyers. This effectively translates to about 3 sellers for every buyer in this market. However, the purchase volume reached $1.1 billion compared to $850 million in sales.
One of the main reasons for the new meme coin's meteoric rise is that demand has significantly outstripped supply, making Trump Coin the 12th largest cryptocurrency in the world in less than two days.
Trump Coin now has a market capitalization that exceeds Chainlink by about $1 billion and is only $5 billion smaller than Tron. Not even Bitcoin, the world's most popular cryptocurrency, has experienced such rapid growth.
Binance and Coinbase, two cryptocurrency exchanges, announced the listing of Trump Coin on trading, which has pushed prices higher as it could widen the gap between buyers and sellers in a volatile market.
Interestingly, since the launch, Donald Trump has been quiet. In fact, his only post on X was a repost of a post by his son, Eric Trump, describing the Trump Meme Coin as "the most famous meme coin on Earth."
We are now seeing numerous transactions of $5 million or more in the Trump Meme Coin, most of which are sales, with early investors receiving some huge gains.
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