Trump’s New Meme Coin Value Soars on First Day in Office

United States President Donald Trump’s associated cryptocurrency project, World Liberty Financial (WLF), has successfully raised $1 billion in token sales.

In addition, a new Trump meme coin has seen a market value of over $10 billion since Trump’s second term as president began. WLF announced this news on Monday, the day Trump was inaugurated for his second term.

The rise of Trump-associated crypto ventures comes in the midst of his promise to bring about a “golden age” for cryptocurrencies, setting him apart from the more tightly regulated industry during the administration of former President Joe Biden.

WLF, endorsed and established by Trump, his sons, and the new special envoy to the Middle East, Steve Witkoff, was launched two months before the US election.