Summary
- President Trump's official meme coin 'TRUMP' was evaluated to have reached a market cap of $14 billion just one day after its launch.
- The co-founder of DWF Labs stated that Trump's issuance of a meme coin served as an opportunity to inform the general public about the legitimacy and profitability of cryptocurrencies.
- He emphasized that President Trump's cryptocurrency strategy is the best, highlighting that the change in public perception is more important than the price changes of some coins.
The co-founder of the cryptocurrency market maker DWF Labs has positively evaluated President Trump's issuance of a meme coin.
On the 17th (local time), Andrei Grachev, co-founder of DWF Labs, stated on X, "President-elect Donald Trump is executing the best cryptocurrency marketing," adding, "It doesn't matter if some coin prices skyrocket or plummet." He further explained, "The important point is that, because of Trump, the majority of the general public has come to realize that cryptocurrencies are legitimate and highly profitable."
Meanwhile, President-elect Trump revealed on his social media 'Truth Social' that he had issued the official meme coin 'TRUMP.' Currently, the fully diluted market cap (FDV) of TRUMP surpassed $14 billion just one day after its launch.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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