This Meme Coin Keeps Rising! Could It Start an Altcoin Bull Run?
One of the most talked about projects in the cryptocurrency world, TRUMP Token, was launched on February 5 and showed an incredible rise in just two days, reaching its historical peak of $ 70 on February 7. However, after this rapid rise, the token lost 77% of its value. Despite this, TRUMP Token is still trading above $ 15 and continues to show quite impressive performance for a meme coin.
Notable Details:
The TRUMP Token was launched on February 5th and reached a peak of $70 within two days.
It has since lost 77% of its value but is still trading above $15.
The project behind the token offered those who owned a certain amount of TRUMP Tokens the opportunity to attend a private dinner with President Trump.
This offer drew a huge backlash, especially from Democratic Party lawmakers, and raised allegations that access to the presidential office was being put up for sale
In particular, Democratic Senator Jon Ossoff from the state of Georgia stated in a public meeting that the offer to have dinner with Donald Trump for those who own $420 worth of TRUMP Tokens amounts to “openly selling access to the presidency.” According to Ossoff, this situation constitutes a serious ethical violation that could directly trigger impeachment proceedings.
In addition, prominent Democratic Senators Adam Schiff (California) and Elizabeth Warren (Massachusetts) sent an official letter to the United States Office of Government Ethics, requesting an investigation into whether this incident violated federal ethics rules.
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