Donald Trump has announced the launch of his own cryptocurrency called $TRUMP, a meme coin symbolizing his campaign and ideals. The coin is built on the Solana blockchain, with a total supply of 1 billion tokens, 200 million of which are available at launch. 80% of the tokens are controlled by Trump-related companies CIC Digital and Fight Fight Fight LLC, which plan to hold them for three years.
Why the Demand for $TRUMP? The demand for $TRUMP is driven by support from well-known cryptocurrency platforms like Binance and Gate, along with involvement from a team that previously worked on Trump's NFT projects. In the first few hours after launch, the coin’s market cap reached $3 billion, then surpassed $4 billion.
Should You Trade $TRUMP? If you are relatively new to trading, I would advise caution. The high volatility and significant influence of major players (whales) can pose risks. It’s important to thoroughly analyze the market and consider potential losses before deciding to participate in $TRUMP trading.
Long-Term Investment? Not for Me As a long-term investment, I personally do not consider $TRUMP a viable option. Stay Tuned for Updates!
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