Donald Trump’s Memecoin Reaches $13.5 Billion Market Cap
- The memecoin hit a high of $67 per token, with a market cap of $13.5 billion.
- It ranks among the top 20 coins on CoinGecko by market cap.
- Major exchanges like Binance and Hyperliquid have listed the memecoin.
- The fully diluted valuation reached $67.5 billion.
- Insiders will unlock 40 million tokens ($2.7 billion) in three months.
- The Trump team spent $5 million USDC to buy wrapped Solana tokens.
The Official Trump memecoin surged to a high of $67 per token, reaching a market cap of $13.5 billion and breaking into the top 20 coins by market cap. Major exchange listings contributed to this growth, although challenges may arise when insiders unlock significant token reserves soon.
Source (2.6)https://www.theblock.co/post/335602/donald-trumps-memecoin-rallies-to-13-5-billion-market-cap-cracking-top-20-coins