🚨 Trump Media considers launching utility payment token

📌 #Trump Media & Technology Group (#DJT), the parent company of Truth Social, is considering launching a utility token to be used within its ecosystem. This token will be integrated into the brand's Truth digital wallet, serving as payment for services such as Truth+ subscriptions.

📌 This is a move by Trump Media to expand into the digital finance sector, following the launch of its new fintech brand "Truth.Fi" in January 2025. The company has also previously partnered with Crypto.com and Yorkville to implement ETF funds related to digital assets.

📌 The plan to launch the token has sparked controversy as the project announced that the 220 holders of the most TRUMP tokens will be invited to an exclusive dinner with Mr. Trump. Observers believe this is a form of "tokenizing power".

📌 Following this news, on-chain TRUMP transactions surged by 200%. Many reports indicate that the TRUMP memecoin has generated hundreds of millions of USD in profits for entities associated with Mr. Trump, including his family.

📌 DJT shares fell by -3%, and TRUMP dropped by -8.5% after the news. At the same time, the Trump Tower real estate project in Dubai also announced it would accept crypto payments – indicating Trump's ambition for a comprehensive expansion into Web3.