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President-elect Donald Trump has launched a cryptocurrency meme coin days before his inauguration. Trump unveiled the $ TRUMP coin on X, saying, 'it's time to celebrate everything we stand for: WINNING!' A meme coin is a cryptocurrency that usually originates from a specific internet meme or is rooted in a joke.
The companies are subject to a three-year lock, according to the website, meaning that they cannot sell all of their coins at one time.Trump hasn't always been a crypto fan, even calling the industry a 'scam' and a 'disaster waiting to happen' in 2021. Still, the crypto industry courted Trump heavily during the 2024 presidential election, raising millions of dollars for political contributions.
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