Donald Trump's Meme Coin $TRUMP Takes the Crypto World by Storm
Donald Trump, the newly elected President of the United States, just made waves in the crypto world by announcing the launch of his very own meme coin, $TRUMP, just before taking office. Within hours, the coin skyrocketed, taking the market by surprise and gaining massive attention. Find out how this new digital currency is shaking up the world of cryptocurrency!
U.S. President Donald Trump announced his new meme coin on Friday, just days before taking office, via his Truth Social account and X account.
He directed users to the 'GetTrumpMemes' website to introduce the new meme coin. The announcement of Trump's official meme coin, 'TRUMP,' received backlash, but the news spread rapidly, and millions were involved in the frenzy.
Here is Trump's announcement on X: "MY NEW Official Trump Meme is HERE!" 👇
According to data released by the analytics company Coinmarketcap, the meme coin TRUMP increased in value within 24 hours.
It rose by 190% to reach $18.87, and its market value surpassed $4 billion! The coin, launched on the Solana network, aims to reach a total supply of 1 billion $TRUMP within three years after an initial supply of 200 million $TRUMP on its first day. According to the information provided, 'Each group’s allocation will be released according to its own schedule over three years.'
So, could Trump's account have been hacked?
Some social media users speculated that Trump's account might have been compromised. While speculation regarding the U.S. government's actions toward the cryptocurrency market, reserve plans, and the new meme coin continues, TRUMP continues to rise rapidly. As a result, the '$TRUMP token' has become a topic of conversation in the crypto world, but its true value and future remain uncertain.
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