The US President announced via his account on the X platform (formerly Twitter) the launch of the small digital currency
Investing.com - US President-elect Donald Trump has launched the TRUMP coin ahead of his inauguration next week.
The coin surged by 1400% immediately after its launch. Its market cap reached $7.7 billion.
The US President announced via his account on the X platform (formerly Twitter) the launch of the small digital currency.
It should be noted that it is not certain whether this is Trump himself or whether his Twitter account was hacked.
Binance website states:
Then at 10:44, Trump again posted the same content on his personal account on the X platform. At that time, the market basically ruled out the possibility of a hack, and although it is very hard to believe, it seems that the reality is that the President of the United States personally launched a meme coin!!!
The search for the currency's credibility continued, according to a report on the Binance website, which stated that blockchain observers announced that the funding for the meme token address came on the Gate and Binance platforms, and the two platforms do not support the US market.
According to GetTrumpMemes.com, the initial purchase of TRUMP requires using the Moonshot platform. The platform supports traditional payment methods such as Apple Pay, Visa, Mastercard, and Venmo, as well as cryptocurrency payment options such as USDC and SOL.
Now that the TRUMP contract address is publicly known (6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN), and the pool value on the blockchain has reached $17.7 million, it has become easier for users to buy directly on the blockchain.
TRUMP is issued on the Solana blockchain and symbolizes Trump's iconic pose raising his fist and shouting the battle cry 'FIGHT FIGHT FIGHT' after surviving an assassination attempt on July 13, 2024. GetTrumpMemes is intended to express support and engagement for the ideals and values represented by the 'TRUMP' token and associated artwork. It is not intended to be an investment opportunity, investment contract, or any type of security. GetTrumpMemes is not involved in politics and is not affiliated with any political campaign, political office, or government agency.
The total supply of TRUMP is 1 billion tokens, but only 200 million will be available initially, with the remaining 800 million gradually unlocked over the next three years.
GetTrumpMemes.com shows that Trump-linked companies CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of Trump cards (note: it says this officially, but in context it is understood to refer to the TRUMP symbol), but are committed to a three-year open house plan. The owners of Fight Fight Fight LLC, CIC Digital LLC, and Celebration Cards LLC will receive revenue from the business activities associated with trading Trump cards.
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