A new meme coin launched by President-elect Donald Trump on Friday has hit a market capitalization of $13 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

TRUMP meme coin may give opponents arguments against Bitcoin as a US strategic reserve. Check out the impact of meme coin launch short, mid, and long term.

Just after being unveiled, the $TRUMP meme coin, saw a mega rise in market capitalisation. It surged by an astonishing 220 per cent to reach USD 4.25 billion within hours.