Trump Launches Crypto Coin & Wallet Platform as Market Volatility Rises

Donald Trump’s cryptocurrency venture, the $TRUMP coin and associated platform, launches alongside his return to the presidency. The platform is closely tied to the Trump Organization, with significant ownership held by entities linked to the former president. This launch comes after Trump’s earlier foray into NFTs. 80% of the coins are controlled by various entities linked to the Trump Organization. Following the launch, market value surged before a sharp drop in value of around 90%, mirroring typical cryptocurrency volatility.