Donald Trump, the new President of the United States, has made a significant impact on the cryptocurrency market by launching a memecoin called Official Trump (TRUMP). Within minutes of its launch, TRUMP saw its market cap increase by billions of dollars and is currently trading at $63 with a market cap of $12.76 billion. The cryptocurrency Solana (SOL) also benefited from these developments as Trump launched his memecoin on the Solana network, causing SOL to break all-time high price records. Trump's cryptocurrency project, World Liberty Financial, has also recently purchased $20 million worth of ETH, primarily through the decentralized exchange CowSwap. As a result, the price of CowSwap's altcoin COW increased by 25%, trading at $0.83 at the time of writing. This information is not investment advice.



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