The cryptocurrency market experienced a surprise shake-up as $TRUMP, a meme coin linked to U.S. President-elect Donald Trump, briefly overtook Shiba Inu (SHIB) in market capitalization.
On the eve of Trump’s inauguration, $TRUMP reached a market cap of $13.83 billion, placing it 15th among top cryptocurrencies, while SHIB sat at 17th with $12.79 billion. The token, launched on January 18, quickly gained traction, becoming the fourth most-traded asset after Bitcoin, Ethereum, and USDT.
Shiba Inu’s Lead Developer Reacts
Shiba Inu’s lead developer, Shytoshi Kusama, acknowledged the milestone, congratulating Trump while calling the achievement “temporary.”