TRUMP coin: 'Trump coin' sensation in crypto market! Within hours of launch..

TRUMP coin: ‘Trump coin’ sensation in crypto market! Within hours of launch..

‘Trump Coin’ is creating a sensation in the crypto currency market! Launched two days before Trump was sworn in as the 47th President of the United States, the coin surged 300 percent in a matter of hours to reach its highest market capitalization of $6.76 billion. It is called Trump Coin, Trump Meme Coin, $TRUMP. Since the price of this Trump meme coin has increased significantly, now everyone’s eyes are on it.

What are Trump memes?

These Trump meme coins work like any other digital currency. Through these, transactions and speculative business can be done! When it came to trading on Saturday, this coin’s highest recorded value was $33.87.

Trump announced this cryptocurrency on his Truth social platform X. He described this coin of Trump as an indicator of his leadership and flexibility. Meme coins are often associated with Internet trends and personalities. They have no intrinsic value but are widely traded for speculative purposes.

Coin’s official website explains that this Trump meme celebrates a leader who never backs down no matter what obstacles he faces. In this, the mention of an assassination attempt on Trump in July 2024 has increased the importance of these coins.

In fact, the crypto community had initially expressed doubts about the legitimacy of this Trump coin and its official ties to Trump. Concerns over scams are widespread. However, Trump’s use of verified social media accounts and the involvement of CIC Digital LLC, a company previously linked to Trump’s NFT ventures, have reassured investors.

As of Saturday afternoon, $TRUMP’s market capitalization reached nearly $6 billion. This shows strong demand.

future plans

According to the official website, 200 million $TRUMP meme coins were issued in the initial launch. Fight Fight Fight LLC (the company that manages the coin) has announced that it will issue an additional 800 million Trump coins over the next three years.

Ambiguity on financial statements..

Fight Fight LLC has not yet disclosed how much Trump made from the first batch of meme coins. How will this coin affect Trump’s finances in a volatile meme coin market? What are the risks for investors? Market analysts are interested in such matters.