Former President Donald Trump has surprised many by launching a new meme coin, just days before his inauguration. The announcement, made on both X and Truth Social, initially sparked suspicion of hacking before being confirmed by sources close to Trump's family. This move aligns with Trump's growing interest in cryptocurrency, which he plans to prioritize as a national imperative through an upcoming executive order.
Donald Trump has launched a new meme coin, according to posts from his X and Truth Social accounts last night. The posts, which have come just days before Trump’s inauguration, were initially met with suspicion by many that his accounts had been hacked. Skeptics highlighted by Decrypt last night pointed to several red flags, such as that the millions of dollars seeding the project came from Binance and Gate, which only serve overseas customers.
The coin’s website credits the project to the same group behind Trump’s NFTs, as noted by Cointelegraph, which reports that sources close to Trump’s family confirmed the announcements’ legitimacy. Both posts remain up as of this morning. The idea that Trump would debut a meme coin is no big surprise, given his multiple NFT collections and his introduction of a crypto platform last year.
CRYPTOCURRENCY MEMECOIN DONALD TRUMP TECHNOLOGY POLICY Nfts
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