Summary
- Official Trump recorded a fully diluted valuation (FDV) of $35 billion just one day after its launch.
- It also achieved a market capitalization of $7 billion, drawing significant attention.
- It was noted that if market expectations do not align, the price volatility could be very high.
Official Trump (TRUMP) has recorded a fully diluted valuation (FDV) of $35 billion just one day after its launch.
According to the cryptocurrency fund flow tracking X account, Trader T, Official Trump achieved an FDV of $35 billion just one day after its launch on the 17th (local time). FDV is calculated by multiplying the total coin supply by the current price.
Official Trump is a meme coin associated with Donald Trump, who is set to be inaugurated as the U.S. President on the 20th. Official Trump also recorded a market capitalization of $7 billion just one day after its launch. Trader T noted, "If the expectations of the market do not align with the Trump administration's actions, the price volatility of Official Trump could be very high."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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