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Crypto President Trump and His Meme Coin Worth $8 Billion
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Crypto President Trump and His Meme Coin Worth $8 Billion

Author: shaofaye123, Foresight News

At 10 a.m. on January 18, Trump’s social account launched the personal Meme currency TRUMP. Since there is no official news, The community once speculated that the account was hijacked by hackers.

Subsequently, Moonshot launched TRUMP, and Trump’s official Twitter once again tweeted to promote TRUMP tokens. Speedpass has 8 billion US dollars, and the transaction volume exceeds 1 billion US dollars. It is difficult to distinguish between true and false. Stud earns first.

Token information overview

TRUMP token picture from July 13, 2024 Photo taken after Trump was assassinated, raising his hands in the air and shouting the iconic battle cry "FIGHT".

GetTrumpMemes.com website states that Trump Memes are intended to express support and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its related artwork, and are not Intended to be the subject of an investment opportunity, investment contract or security of any type. Currently, it has been launched on Moonshot, supporting traditional payment methods such as Apple Pay, Visa, Mastercard, and Venmo, and the transaction volume on the chain has exceeded US$10.

The total supply of TRUMP tokens is 1 billion, 200 million are in circulation, and the remaining 800 million will be gradually unlocked over the next 3 years. Trump Organization affiliates CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of TRUMP, subject to a 3-year unlocking plan. CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive trading revenue generated from Trump Cards trading activity.

TRUMP once reached 8 billion, while other related Meme tokens fell

Token launch Later, after a brief correction, the market value continued to surge, exceeding US$8 billion. Within 2 hours of going online, the trading volume exceeded US$1.3 billion.

Some people get rich overnight while others lose their positions in half. There are many smart money who have made huge profits from this transaction, and dozens of addresses have made a total profit of more than $2 million on TRUMP. KOL 0xsun.sol spent 3,000 SOL ($653,000) to purchase 999,895 TRUMP and made a profit of nearly $4 million after selling 199,895 TRUMP. The floating profit of the address is still increasing.

But other tokens on the chain are in dismal condition. Except for FIGHT, which rose by more than 40% and its market value once exceeded US$30 million, other related Memecoin tokens generally fell, with TRUMP falling by 25% and MAGA by 32%.

True or false geometry?

Since the launch of TRUMP, many voices have been arguing about the authenticity of the token. The price of the token also fluctuated greatly, with a fluctuation of more than 300% in 3 minutes. After rising to touch US$2 billion, its market value quickly fell back to around US$70 million, and then rose to exceed US$8 billion.

The market continues to be controversial, and some people FUD that it is a hacker attack. Market analyst TylerD published an analysis on the When you look up the phone number, a flood of responses to cryptocurrency-related scam calls pops up. ”Spotonchain also tweeted that the TRUMP chain. The data shows that the token owner is 5e2qRc , funded by DKbF4. The address received SOL from Gate and Binance exchanges 2 days and 10 days ago respectively. And have not used the US exchange Coinbase.

There are also people who recharge their faith. Software engineer cygaar pointed out that the deployment of the new Trump Memecoin website is almost identical to the previous NFT website. Same cloudflare setup, same Heroku deployment, same SSL certificate issuer, and the HTML structure is very similar to before. And the Trump Memecoin website was built after a lot of effort, using Cloudflare protects the website from DDoS attacks, and the SSL certificate was issued on December 21, 2024, which is enough to show that the website has been in preparation for some time.

It is difficult to distinguish whether the information is true or false, but the market value is constantly rising. The king of understanding is coming to power soon. Is the spring of cryptocurrency coming?

Keywords: Bitcoin
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