🚀 Just days before his inauguration, President-elect Donald Trump has announced the launch of his new meme coin, $TRUMP. The announcement, made via his X and Truth Social accounts, initially sparked skepticism, but sources close to Trump confirmed the initiative's legitimacy.
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Details about $TRUMP:
Platform: Built on the Solana blockchain, $TRUMP has a total supply of 1 billion tokens, with 200 million available initially.
Distribution: 80% of the tokens are held by Trump-affiliated entities, subject to a 3-year lockup period.
Market value: In less than 13 hours after launch, $TRUMP reached a market cap of $6.8 billion.
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Market Reactions:
The launch of $TRUMP caused a buying frenzy in the crypto market, with the token soaring 600% in value within hours.
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Official Position:
According to the official website, $TRUMP tokens are not meant for investment purposes but as an expression of support for Trump's ideals.
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Conclusion:
The launch of $TRUMP highlights Trump's growing focus on digital finance, sparking both excitement and concern among crypto experts.
#Trump #CryptoNews #MemeCoin #BlockchainRevolution
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