Trump vs Melania vs Doge
How did the crypto market perform throughout 2024?
How $TRUMP Coin Made Him Rich Overnight 💰✨
Donald Trump’s new “meme coin” has done more than just make headlines—it’s handed the newly inaugurated president a massive theoretical fortune. Talk about a side hustle with huge returns.
Here’s the scoop: On 17th Jan, investors and supporters couldn’t get enough of $TRUMP Coin, the official crypto tied to the Trump brand. The result? Trump’s personal stash of tokens is now worth a jaw-dropping $43 billion USD (£35 billion)—on paper, of course. The coin’s value skyrocketed after its debut, instantly making it one of the most valuable cryptocurrencies out there.
Let’s break it down: 200 million $TRUMP Coins are currently in circulation, with a total market value of $10.7 billion USD (£8.6 billion). But that’s just the beginning. Over the next three years, another 800 million tokens will be minted—most of which are still held by entities linked to the Trump Organization. At the price of $53.65 USD per coin on 17 Jan, the remaining tokens would have a total value of a staggering $42.9 billion USD. Not bad for a digital collectible.
What does this mean for Trump’s bottom line? If we’re crunching numbers, his theoretical wealth would place him at #33 on the Bloomberg Billionaires Index. Add that to his existing $7.2 billion USD, and he’s sitting on a combined $50.1 billion USD, making him the 26th richest person in the world. Just a notch below private equity legend Stephen Schwarzman.
Want the full scoop on the rise story of $TRUMP Coin? Wondering what meme coins are all about and whether it’s worth the investment? Or maybe you’re keen to uncover how the crypto market performed throughout 2024? We’ve got you covered. 👇
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