Business Desk 
Jan 20, 2025
A few hours ahead of Donald Trump assuming office as the second-time US president, his recently launched cryptocurrencies skyrocketed on Monday.
Garnering significant investor interest with billions in trade volume, Trump's memecoin, also known as $TRUMP, rose 73% hours ahead of his second-term inauguration, reaching a total market capitalisation of $9.2 billion.
Citing CoinMarketCap, Reuters reported that $TRUMP's trade volume during the last 24 hours was recorded at $42.2bn.
"While it's tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora's box of ethical and regulatory questions," said Justin D'Anethan, an independent, Hong Kong-based crypto analyst.
Besides the significant ascent of Trump's memecoin, Melania Trump's memecoin, called $MELANIA, also registered an eye-popping rise, attaining a market capitalisation of $1.19bn after a remarkable spike immediately after launching on January 20.
On the other hand, Trump launched his digital token last week on Friday, symbolising the $TRUMP coin with the image from an assassination attempt on him last year.
These significant strides highlight his rising inclination towards the realm of cryptocurrency.
