Donald Trump’s meme coin gets $11bn market cap, drags crypto market — Check how Bitcoin, Ethereum, Solana performed

United States President-elect Donald Trump’s new meme coin debuted on January 18 on the cryptocurrency markets and attracted billions of dollars of investment. At the time of writing on January 20 (IST), $TRUMP was trading at $60, up over 64 per cent from the previous day but lower than its peak of $75, according to Coinmarketcap data.

The market capitalisation of Trump’s meme coin was pegged at $11.74 billion, also up over 64 percent from the previous day. There are 200 million Trump meme coins in circulation on the crypto market at present.