Imagine that: you hold several cryptocoins and suddenly you find out that these coins can become your ticket to dinner with the President of the United States, Donald Trump. That's what happened with the TRUMP memecoin, which skyrocketed in value after one announcement.
The Official Trump project has announced that it is inviting 220 of its largest token holders to a private dinner at Trump's private club in Washington. Moreover, 25 lucky people from this list will receive a VIP meeting with Donald himself and an exclusive tour. The price of the token immediately shot up from $9.3 to $14.7, jumping by almost 60% in a matter of hours.
However, as usual in the crypto market, emotions cooled down, and the price rolled back a little, but as of the next morning, the growth is still impressive — +27% per day. The token's market capitalization has exceeded $2.3 billion. This is quite a lot, considering that most of the 1.2 billion tokens have not even been issued yet (so far only 300 million are in circulation, the rest are on the way).
But not everything is so rosy. This project has already been accused of speculation, because TRUMP Coin was launched just before the inauguration, and its founders, according to analysts, brought out about $ 800 million on this. Most ordinary investors remained in the red, especially after the market sank by almost a third in February.
Nevertheless, Trump's own involvement adds weight to the project and generates a new wave of interest. Some see this as a step against regulatory pressure, while others see it as a way to monetize fan loyalty.
So that's the question, buddy.:
Is this the future of politics and the crypt, or just another hype with a beautiful wrapper?
