The US President-elect #دونالد_ترامب surprised his followers on social media by announcing last Friday evening the launch of a cryptocurrency bearing his name, “$Trump,” which sparked a buying wave that increased its total value to billions of dollars within a few hours.
Trump, in a message posted on his social network Truth Social and also on the X platform, introduced this new digital currency as a meme currency, which is a cryptocurrency based on popular enthusiasm around a person, movement or social phenomenon and is popular on social media.
Meme coins have no economic or transactional utility and are often defined as a purely speculative asset, which leads to price fluctuations. $TRUMP