Former President Donald Trump Rumored to Be Stepping into the Cryptocurrency World with a New Token, 'Trump Coin”
- WBOYOriginal
- 2024-06-18 17:50:37448browse
Former President Donald Trump is rumored to be directly stepping into the cryptocurrency world with a new token, “Trump Coin“, as he ramps up his campaign
A meme token named “Trump Coin” has hit the cryptocurrency market, sparking speculation among industry observers. The token, which is not officially affiliated with former President Donald Trump, is being traded on the Solana blockchain platform under the symbol DJT, according to a report by Fox Business on Monday.
The token began trading on Solana on Monday evening with a market cap of $73 million. However, as buzz around the coin intensifies, its market cap has surged to nearly $150 million, according to cryptocurrency trading data tool Birdeye.
Trump's press team did not immediately respond to Benzinga's request for comment on the matter.
When asked about the Trump Coin launch, former GOP presidential candidate and adviser to President Trump, Vivek Ramaswamy, said, “I'm glad President Trump and his campaign are leaning into cryptocurrency, including accepting it – he's ahead of the curve.”
Trump Coin is the latest in a series of meme coins inspired by political candidates this election cycle. Other non-affiliated Trump meme tokens are also trading in the cryptocurrency landscape, including the popular MAGA Coin which has a market cap of over $340 million at press time.
Trump's potential foray into cryptocurrencies follows a significant shift in his stance on the asset class. Last month, he expressed his support for cryptocurrency on the campaign trail, a drastic change from his previous disinterest in the token in 2021.
News source：https://www.kdj.com/cryptocurrencies-news/articles/president-donald-trump-rumored-stepping-cryptocurrency-token-trump-coin.html
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