Donald Trump presented his digital currency as a “meme coin”, intended to capitalize on popular enthusiasm around a personality, a movement or a viral phenomenon on the internet.
Capitalize on popular enthusiasm
Donald Trump announced the launch of its own cryptocurrencycalled “Trump Meme” or “$Trump”, Saturday January 18.
According to France Infothe elected president of UNITED STATES made this declaration on Saturday January 18, two days before his inauguration.
In a message published on social networks, he presented this digital currency as a “same corner“. This type of cryptocurrency aims to exploit the enthusiasm around a personality, a movement or a viral phenomenon, without any real economic or transactional utility. Often considered a purely speculative asset, this type of product is attractive for its ability to capture popular attention.
A leader who never backs down
A few hours after the announcement, the overall valuation of this cryptocurrency skyrocketed, reaching almost $6 billion. Neither Donald Trump nor the company leading the launch, Fight Fight Fight LLC, have communicated on the possible proceeds generated by the operation.
“This Trump Meme Celebrates a Leader Who Never Backs Down, No Matter the Situation“, explained the project’s official website, referring to the assassination attempt on the Republican candidate last July.
> On the same subject: Bitcoin hits all-time high
