By FR Staff

January 20, 2025

A cryptocurrency called the “TrumpCoin” saw a surge in value ahead of President-elect Joe Biden’s inauguration. The TrumpCoin, which was created by an unknown individual during Donald Trump’s presidency, rose over 200% within 24 hours on Wednesday.

The coin’s creator claimed that the surge in price was due to excitement over a potential second term for Trump, although many analysts believe it was likely just a pump-and-dump scheme by speculators. Regardless, the sudden spike in value served as a reminder of the volatile nature of the cryptocurrency market and the impact that high-profile figures can have on digital assets.