Trump Meme Coin: The meme coin promoted by Donald Trump made many rich, know where the price reached?

Last Updated:January 19, 2025, 22:56 ISTTrump Meme Coin News: Donald Trump is known for advocating cryptocurrency. He has always promoted crypto.

Trump and his family also helped launch a new venture to trade cryptocurrencies last year…read moreWashington. US President-elect Donald Trump has launched a new cryptocurrency token before his inauguration, the price of which is increasing rapidly and possibly increasing his wealth. This is the new promotion of Trump, who has previously promoted branded Bibles, gold sneakers and diamond-studded watches. Trump promoted the new token in a social post late Friday, saying, “This is a time to celebrate all of our values: WIN! “Join my very exclusive Trump community.” The cryptocurrency token is marketed with an image of Trump raising his fist with the words “Fight Fight Fight,” symbolizing Trump’s belligerence in response to an assassination attempt at a campaign rally in July. While promoting the meme coin, Trump told supporters, “Have fun!”. The website selling the tokens says that these are in the form of support and not as an investment opportunity. This did not stop people from earning money. Trump Meme Coins started selling at $10 per token and reached nearly $70 by Sunday morning. Meme coins are a strange and highly volatile corner of the crypto industry that often start as a joke and can see their price skyrocket if enough people are willing to buy it. DodgeCoin, whose mascot is a cute dog, is probably the most famous. Meme coins can be used by scammers to make a quick buck, which can lead to losses for unsuspecting investors. Some crypto advocates welcomed the release of the Trump meme coin, saying it symbolizes the incoming president’s support of an industry that they felt was unfairly targeted by the Biden administration. Trump has promised to bring crypto-friendly regulations and has chosen crypto supporters for key government positions. Critics say Trump meme coins could be a dangerous way for special interests and foreign governments to buy influence with the president. “Now anyone in the world can deposit money into the bank account of the President of the United States with a few clicks,” former Trump White House communications director Anthony Scaramucci said on X. The sale of the Trump Meme Coin was organized by CIC Digital, an affiliate of the Trump Organization. According to the coin’s website, there are currently 200 million Trump Meme Coins available, and plans to release 1 billion over the next three years. CIC Digital and another company collectively own 80% of Trump Meme Coin and will receive “trading revenues derived from trading activities.” First Published :January 19, 2025, 22:56 ISThomebusinessThe meme coin promoted by Trump made many rich, know what is the price

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