Reported about 7 hours ago
Just days before his second inauguration, President-elect Donald Trump introduced a cryptocurrency meme coin called $TRUMP, which quickly reached a valuation of $31 billion. The coin serves as a memorial to his response following a July 2024 assassination attempt and aims to challenge the dominance of Dogecoin in the meme coin market. With 200 million coins initially available and a plan for a total of 1 billion, questions surrounding the coin's legitimacy have arisen, although it reflects Trump's brand-building strategy in the cryptocurrency landscape.
Source: YAHOO