Just days before he gets inaugurated, President-elect Donald Trump has dropped a new cryptocurrency called $TRUMP. It’s a meme coin, which means it’s meant to be fun and not taken too seriously. Right after announcing it on his social media, Truth Social, and X (formerly Twitter), people started talking about it a lot, both excitedly and skeptically.
Big Launch and Huge Gains
Within just three hours, $TRUMP’s market value skyrocketed to an incredible $8 billion! Nearly $1 billion worth of trading happened, and the coin’s price shot up over 300% in no time. It started at just $0.18 and jumped to $7.1! Some lucky traders made huge profits. One person even made $20 million in less than an hour!
The $TRUMP coin is inspired by a saying from Trump: “Fight, Fight, Fight,” which he supposedly yelled after a scary moment at a campaign event in Pennsylvania last July. The coin launched with 200 million coins, out of a total of 1 billion that will be released over three years. However, 80% of the coins belong to two companies tied to Trump.
Skepticism Surrounds the Coin
Even with all the excitement, many people are questioning whether $TRUMP is a good idea. The official site claims it’s not connected to politics, but some folks are worried it might not be safe. There have been recent hacks on social media accounts, making people more cautious.
Trump has also been making some strange merchandise lately, like super expensive watches and cologne that he says is for people who survived assassination attempts. His previous product launches have been quirky too—for example, he once had to stop selling Trump Guitars after a legal issue.
While $TRUMP is buzzing in the crypto world, many wonder if it’s a fun meme or something that has real potential. Only time will tell if $TRUMP becomes a hit in the cryptocurrency market or if it will just be a funny chapter in the continuing story of the Trump brand.
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