Donald Trump has once again captured the world’s attention, this time by launching the $TRUMP memecoin. The day before Trump’s second term as US President, its stock price increased by $8 billion in less than three.
The trading volume reached $1 billion, while the token price increased by over 300% in a minute. When the dust settled, the value of $TRUMP had risen from its initial $0.18 to $7.1. As of 18:21 GMT, the token was trading at $21.51, up 231.61%, according to CoinMarketCap. The total amount is 1 billion, with an initial supply of 200 million. The remaining stock will be released in phases over three years. Yes. The token is reportedly worth between $17 and $18. He called on his fans to buy the token from gettrumpmemes.com before the 48-hour claim period expires, with his rally slogan being “fight, fight, fight.” Others are questioning his authority. While their official website has denied any political affiliation, the timing of the announcement (just days before Trump’s inauguration on January 20) has raised expectations. There has been a recent surge in interest in The X-Files and Trump’s history of investing in unusual products like a $100,000 watch and a murder-suicide cologne. The project’s credibility has also been questioned due to its strong ownership and unconventional business practices. One investor claimed to have made $20 million in profits less than an hour after the reported profit. Trading volume reached $1 billion, while the token’s price increased by over 300% in a minute. When the dust settled, $TRUMP’s value had risen from an initial $0.18 to $7.1, $310,000. Supporters see the $TRUMP token as an extension of Trump’s pro-crypto stance, suggesting that he could bring more support to digital assets in his next term.
