The new cryptocurrency “Trump Meme” launched by Donald Trump saw its valuation explode in a few hours, already reaching more than 35 billion dollars. Discover the underside of this unprecedented crypto phenomenon…
The world of cryptocurrency has just experienced a real earthquake with the surprise launch of “Trump Meme”, the latest cryptocurrency initiated by none other than former US President Donald Trump himself. In just a few hours, this new digital currency has seen its global valuation reach dizzying heights, already exceeding $35 billion.
A spectacular crypto turnaround
However, until recently, Donald Trump was known for his skepticism, even his open opposition, towards cryptocurrencies. But as revealed by a source close to his entourage, the former tenant of the White House made a radical turnaround on the issue during his last presidential campaign. Going so far as to champion this booming sector, promising in particular tolighten the regulation to promote its development.
The buzz of the “meme corner”
It is therefore in this context that Donald Trump chose to launch his own cryptocurrency, called “Trump Meme”. A name far from being trivial since it refers to the concept of “meme coin”, these digital currencies intended to riding viral popularity of a personality, a movement or a phenomenon on the Internet.
This Trump Meme celebrates a leader who never backs down, no matter the situation.
Extract from the official project website
A dazzling valuation
Launched overnight from Friday to Saturday, the “Trump Meme” immediately sparked a buying frenzy. A few hours later, the unit price of this cryptocurrency already exceeded 45 dollars, bringing its global capitalization of more than 9 billion. And the euphoria didn’t stop there. At the last count on Sunday evening, the valuation of the “Trump Meme” crossed the symbolic mark of 35 billion dollars.
-At this price, the 800 million tokens held by Donald Trump and his close associates would represent a theoretical value of $34 billion, potentially propelling the future president at the gates of the top 20 of the greatest American fortunes.
The underside of the operation
If the enthusiasm is undeniable, certain gray areas remain. Particularly on the exact setup of the operation and the possible profits it could generate for its instigators. Contacted by several media outlets, neither Donald Trump, nor his entourage, nor the companies involved in the launch have yet responded.
According to available information, 200 million “Trump Meme” tokens were released to the market during the initial launch. The creators of the project, which includes Donald Trump, reserve the right to issue an additional 800 million gradually over the next three years.
Speculation or revolution?
Beyond the media and speculative epiphenomenon, the successful launch of the “Trump Meme” could mark a turning point. Both in Donald Trump’s relationship with cryptocurrencies and in the perception of them by the general public and political decision-makers.
It remains to be seen whether this initiative will mark the start of a new crypto era in the United States or if it is just another blip in a market that is too volatile than unpredictable. One thing is certain, the “Trump Meme” has not finished making headlines and there is no doubt that its developments will be closely scrutinized in the weeks and months to come, well beyond the crypto sphere.
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