One of the most recent projects in the cryptocurrency world, the TRUMP token was launched on February 5 and showed a remarkable rise in just two days, reaching its historical peak of $70 on February 7. However, after this rapid increase, the token lost 77% of its value. Despite this, the TRUMP token continues to trade above $15 and continues to show impressive performance for a meme coin.
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The TRUMP token was launched on February 5 and peaked at $70 within two days.
Since then, it has lost 77% of its value but is still trading above $15.
The project offered behind the token for those who hold a certain amount of TRUMP tokens the opportunity to attend a private dinner with President Trump.
This offer sparked significant backlash, especially from lawmakers in the Democratic Party, raising accusations that access to the presidential office was put up for sale.
In particular, Democratic Senator Jon Ossoff of Georgia noted in a public meeting that the offer for dinner with Donald Trump for those who hold TRUMP tokens worth $420 amounts to 'selling access to the presidency publicly.' According to Ossoff, this situation constitutes a serious ethical violation that could directly lead to the initiation of impeachment proceedings.
Additionally, prominent Democratic Senators Adam Schiff (California) and Elizabeth Warren (Massachusetts) sent an official letter to the U.S. Office of Government Ethics, requesting an investigation into whether this incident violated federal ethics rules.
