Donald Trump launched a cryptocurrency $TRUMP Friday and it eclipsed a market capitalization of $8 billion as there was a huge rush to buy the memecoin after Trump announced the buying opportunity in a 9PM post Friday on his Truth Social. He said the occasion to launch the memecoin was his election victory though it came just days before his inauguration. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,” Trump wrote. Only 200 million coins were available at the launch and it is not clear how much profit Trump earned following the release of his coins.
What is$ TRUMP? Is it true?
A memecoin is a cryptid that comes from an online joke. They are frequently seen as a means of speculative trading because they lack any economic or transactional price. ” This Trump Meme celebrated a leader who doesn’t back down, no matter the probabilities”, the stock’s official blog said.
Trump has a range of goods that includes his view, Bible, etc., and this memecoin is the most recent addition to that line. Social media users questioned whether this was appropriate and moral for a potential president.
‘ Are you significant? The dishonesty is absurd.
“MAGA, let me get this right: Donald Trump is selling a joke crypto and you have no trouble with that… But when Hunter Biden paints and sells his painting to people, that’s evidently” corrupt? ” Are you serious? The dishonesty is crazy. MAGA fraud is real”, a social media user said.
What distinguishes the Trump gold from the Hawk Tuah gold besides nothing? one social internet users asked. Hailey Welch, a popular Hawk Tuah child, was incredibly critical after the price of memecoin suddenly spiked, causing people to lose a lot of money.
” Surely the$ TRUMP coin can’t be real, right? 80 % locked for CIC Digital, a firm connected to one of his counsel. And the small print that state”, never meant to be an expense but a show of support””, one wrote.
” Trump Memes are intended to work as an expression of aid for, and relationship with, the ideals and beliefs embodied by the sign”$ Republican” and the related artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type”, the fine print said.
