Golden Finance reported that Forbes reporter Eleanor Terrett posted on the X platform that Trump personally announced the release of the token through his Truth Social and His return to the White House is being celebrated at the inaugural Crypto Ball in Washington, DC. It is reported that attendees of the ball included CEOs of various encryption platforms, politicians, several members of Trump’s new cabinet, and his son, Donald Trump Jr. According to reports, after news of the token launch broke, some attendees were skeptical and speculated that the president-elect’s account had been hacked. Donald Trump, who may have known about the news, was sequestered in an exclusive VIP area. It's unclear whether he talked about Trumpcoin with anyone there.