U.S. President Donald Trump has launched a new cryptocurrency token!

U.S. President Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.

“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.

In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.

That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon.

However, as soon as his wife Melania Trump’s rival cryptocurrency $MELANIA was launched on January 20, $TRUMP tumbled nearly 40 per cent to $44.82 from $74.06 in less than 24 hours.

What Are Trump, Melania Meme Coins?

These are fungible cryptocurrency assets, similar to other digital currencies, enabling transactions and speculative trading. The Trump and Melania meme coins have been launched on the Solana blockchain network.

https://www.business-standard.com/markets/cryptocurrency/donald-trump-meme-coin-melania-trump-crypto-debut-125012000250_1.html

New chapter for US crypto innovation

David Sacks, a crypto advisor appointed by Donald Trump, emphasised that the US is entering a new phase of cryptocurrency development, stating, “The reign of terror against crypto is over.” This suggests a more supportive environment for digital assets under the new administration.

Originally posted by: Viswasruti

U.S. President Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.

“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.

In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.

That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon.

Originally posted by: Viswasruti

Welcome Hinna, it seems, you have a few Trump and Melania coins in your possession?!!If you have, please keep it safe, in the coming 4 years, it will be more and more precious.

Not yet, i was planning to buy but still confused, risk loon ke nahi

Originally posted by: heavenlybliss

Not yet, i was planning to buy but still confused, risk loon ke nahi

Originally posted by: Viswasruti

$5 per coin is an attractive price. But, it is always better to take a decision after checking all facts.

Did you buy any?

Is buying one enoigh ya aur loon

Originally posted by: heavenlybliss

Did you buy any?

Is buying one enoigh ya aur loon

this coin is amazing

Originally posted by: amandalawr3nce

this coin is amazing

Is the picture available ?