‘Crypto president’ Donald Trump has become $28 billion richer overnight, thanks to the TRUMP meme coin, which brought a 400% increase in his estimated net worth.
At $28 per token, and with Trump-affiliated companies CIC Digital LLC and Fight Fight Fight LLC controlling 80% of the supply, the value of his crypto holdings alone has soared to $22.4 billion.
For context, Forbes last valued Trump at $5.6 billion last November.
TRUMP traded at just $7 per token at launch but skyrocketed within hours, achieving a fully diluted valuation of $27 billion. This all comes less than 48 hours before Trump’s inauguration.
Only 200 million tokens are currently circulating, but there’s a plan to expand this to 1 billion over the next three years, as per the token’s official website.
