#TrumpTaxCuts Currently, the TRUMP token, a memecoin based on Solana, is being traded at US$ 0.2032, with a slight decrease of 2.07% in the last 24 hours. The price reached an intraday high of US$ 0.2126 and a low of US$ 0.2017.
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🚀 Rapid Appreciation
Launched on January 17, 2025, the TRUMP token experienced a meteoric rise, reaching a valuation of US$ 71 billion in fully diluted value (FDV) in less than 48 hours. This positioned it as the 15th largest cryptocurrency globally, surpassing popular memecoins like PEPE, SHIB, and DOGE.
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💼 Tax and Regulatory Implications
The success of the TRUMP token has generated speculation about possible changes in cryptocurrency taxation in the United States. Rumors indicate that the government could eliminate capital gains taxes for tokens issued by American companies, which would benefit projects like XRP, ADA, ALGO, and HBAR.
Additionally, former President Donald Trump proposed a reduction in the corporate tax rate to 15%, which could positively impact the cryptocurrency sector.
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📊 Final Considerations
The TRUMP token exemplifies the phenomenon of memecoins, which can experience extreme volatility and price movements driven by speculation and external factors. Investors should proceed with caution and consider the high risk associated with these assets.
