President Donald Trump Launch Meme Coin ‘TRUMP’

President-elect Donald Trump declared the launch of the meme coin “TRUMP” but there are also worries about the potential for account theft.

“I introduce my official meme coin ‘TRUMP’,” Trump said on his social media platform, Truth Social, today. You can buy it from the homepage.

“TRUMP is based on Solana (SOL), according to the information presented on the homepage. 200 million will be issued initially, and 1 billion TRUMP will be distributed over three years. TRUMP showed a remarkable surge, reaching $9 at the time of publication. It has a $2.06 billion market valuation.

Crypto traders jumped on board, creating trading volume worth hundreds of millions of dollars while security specialists and on-chain detectives searched for warning signs. \

However, it seems genuine because Trump’s X and Truth Social posts are still active after more than an hour, and some early concerns were dispelled upon closer examination.

There was skepticism, confusion, and excitement immediately following the launch. This is because the project featured all the recognizable elements of numerous celebrity meme coin scams that have surfaced in the past year.

When the X post appeared on his official account after the Truth Social post, worries started to fade. Additionally, as of this writing, there has been no dump and the coin has primarily only pumped thus far.

 

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments