President Donald Trump has spoken out about his $TRUMP memecoin which was launched three days ahead of his inauguration.
It was on Tuesday afternoon (January 21) when the President was speaking to a group of reporters and was asked about his official memecoin which marked the first time he had publicly spoken about it in person.
“I don’t know much about it other than I launched it,” the entrepreneur-turned-politician said.
“I heard it was very successful. I haven’t checked it. Where is it today?” Upon release, the coin soared to a massive $13 billion market cap, making it the fastest-growing memecoin in cryptocurrency history.
🇺🇸 JUST IN: Donald Trump makes first public statement on $TRUMP memecoin. pic.twitter.com/7zDJX0jtqg
— Altcoin Daily (@AltcoinDailyio) January 21, 2025
When a reporter mentioned the several billion dollars that it had generated, Trump replied with “several billion? That’s peanuts for these guys,” in reference to some technology-focused founders who were in the room at the time.
Trump memecoins become a family affair with Melania launching one too
On January 18, Trump’s son Eric reposted an announcement about the coin and said: “I am extremely proud of what we continue to accomplish in crypto.
“$Trump is currently the hottest digital meme on earth and I truly believe that @/WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started!”
World Liberty Financial, which was referenced by Eric Trump, is the Trump family’s crypto project. It was first teased in August of 2024 and the full details surrounding it were published later in the month and throughout September. The public sale then began in October, with the X account stating it was “open to everyone who qualifies through the whitelist.”
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Donald Trump’s memecoin wasn’t the only one to be created ahead of the inauguration either, as it was on Sunday (January 19) when his wife and the First Lady, Melania Trump, announced that the ‘Official Melania Meme is live!”
This comes as Donald Trump has previously promised to make the US the ‘crypto capital,’ with many suggesting he will make some major changes in the industry throughout his running as president.
Featured Image: AI-generated via Ideogram