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Trump’s Meme Coin Soars on Inauguration Day, Sending Ripple Through the Crypto Market

by THEFUTURE.TEAM

January 21, 2025

Donald Trump’s newly unveiled cryptocurrency, known as $TRUMP, has sparked a wave of excitement in the market. On Monday, the token surged to a market cap surpassing $10 billion, and the fervour surrounding Trump’s crypto-friendly stance temporarily boosted Bitcoin to a fresh all-time high.

Launched just hours before his swearing-in on Friday night, Trump’s so-called “meme coin” started under $10, but within hours, it skyrocketed, reaching as high as $74.59 by Sunday. However, the price corrected on Monday, settling around $33.88, according to CoinGecko. In addition to the $TRUMP coin, another Trump-affiliated project, World Liberty Financial, announced that its initial token sale had raised a substantial $300 million, with plans to issue more tokens soon.

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Trump’s growing involvement in the crypto world comes as many expect his administration to lead a new “golden age” for digital currencies, offering a sharp contrast to the stringent regulatory approach under former President Joe Biden. On inauguration day, Bitcoin hit an all-time high of $109,071, but by Monday, it had retraced slightly, trading around $101,867.40.

“The cryptocurrency market has gained traction in recent days, especially after the launch of the $TRUMP and $MELANIA tokens ahead of the inauguration,” commented Grzegorz Drozdz, a market analyst at Conotoxia Ltd. Both tokens, launched on the Solana blockchain, contributed to a price surge in Solana’s coin, which reached an all-time high of $294.33 on Sunday.

Despite the excitement, some analysts warn that we may be witnessing a “sell-the-news” moment. Matthew Dibb, chief investment officer at Astronaut Capital, predicted that further volatility is likely. “Bitcoin has already retreated… The market is bracing for more fluctuation and a potential selloff,” he said.

The $TRUMP coin initially traded below $10, but rapidly climbed, hitting $72.62 by Sunday, only to fall back to the low $30 range by Monday evening. According to the coin’s website, CIC Digital, a Trump-linked affiliate, controls 80% of the token supply, alongside another group named Fight, Fight, Fight. The coin is marketed as a symbol of support for Trump’s ideals, not as an investment or security.

Concerns over ethics and potential conflicts of interest have surfaced, especially with the launch of the $TRUMP token. Several members of Trump’s administration and inner circle are known to have connections to the crypto industry. “While it’s tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token raises serious ethical and regulatory questions,” remarked Justin D’Anethan, an independent crypto analyst based in Hong Kong.

The Trump Organization has stated that the president will hand over the day-to-day management of his vast portfolio to his children when he enters the White House. Forbes estimates Trump’s net worth at $6.7 billion, excluding his crypto ventures.

The speculative nature of meme coins like $TRUMP, however, has raised alarms. As Drozdz pointed out, these types of cryptocurrencies are prone to significant price swings. “We generally view them as speculative assets,” he noted.

Trump’s $TRUMP token represents a fascinating intersection of digital assets and politics, but D’Anethan warns it could muddy the waters between governance, profit, and influence. “The launch of this coin creates a potential Pandora’s box of ethical dilemmas,” he said.

Despite the hype, the expected policy shifts in the crypto space, like the creation of a bitcoin strategic reserve and loosening regulations around digital assets, are likely to unfold over the coming months rather than days. Dibb concluded, “The market has high hopes for these changes, but they will likely be implemented gradually.”

Trump’s crypto ventures have already reshaped the digital landscape, and as his presidency unfolds, the $TRUMP coin and its impact on the crypto market will undoubtedly continue to raise eyebrows.

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Cyprus Central Bank Cuts Growth Outlook As Middle East Tensions Lift Inflation Forecast

The Central Bank of Cyprus has lowered its economic growth forecasts for 2026 and 2027, warning that the war in the Middle East is creating a more challenging outlook for the economy through weaker tourism, higher energy prices and continued uncertainty over global trade. While domestic demand is expected to remain resilient, the bank now expects slower growth and higher inflation than it projected just three months ago.

Growth Outlook Softens On Geopolitical Shock

In its June 2026 Economic Bulletin, the Central Bank revised its GDP forecast for this year to 2.5%, down from 2.7% in March. Growth for 2027 was also trimmed slightly, from 3% to 2.9%, while the economy is still expected to expand by 3.1% in 2028.

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According to the bank, the downgrade is relatively modest because the March projections had already incorporated conservative assumptions about geopolitical risks. Even so, the outlook remains highly dependent on developments in the Middle East. If the agreement announced between the United States and Iran fails to materialise or is not implemented, Cyprus could face fuel shortages, higher import costs and further supply-chain disruption.

Those risks are expected to weigh most heavily on tourism, shipping, construction and real estate. As a result, the Central Bank expects net exports to subtract from economic growth this year because of weaker tourism revenues, lower shipping receipts and slower growth in other service exports. Domestic demand, however, should continue to provide support, helped by higher real household incomes, a resilient labour market and continued investment in large private projects, even if some of them are delayed.

“Although their implementation schedule may be affected by the crisis in the Middle East, these projects are not expected to be cancelled,”
the Central Bank said.

Inflation Forecast Raised

The biggest revision in the latest projections concerns inflation. The Central Bank now expects inflation, measured by the Harmonised Index of Consumer Prices (HICP), to average 3.2% in 2026, compared with 0.8% in 2025 and 0.5 percentage points higher than forecast in March.

Higher energy prices remain the main driver, reflecting the impact of the conflict on international oil markets and supply chains. Those pressures are expected to feed through to food prices and other goods before inflation gradually eases to 1.9% in both 2027 and 2028. Core inflation, which excludes food and energy, is projected to rise to 2.3% this year before moderating over the following two years.

Labour Market Remains A Bright Spot

Despite the weaker economic outlook, the labour market is expected to remain resilient. Employment growth is forecast to slow from 1.7% in 2025 to 1.3% this year before recovering in 2027 and 2028, while unemployment is projected to edge up only slightly to 4.6% before stabilising around 4.5%, a level the Central Bank considers consistent with full employment.

At the same time, policymakers warned that risks to inflation remain tilted to the upside. Persistently high oil prices, climate-related disruptions and stronger-than-expected wage growth could all keep price pressures elevated for longer than currently forecast.