Trump Launches His Own Meme Coin, Sparking Controversy and Excitement

Coin-Turk 8 months ago 261

Donald Trump made a surprising return to the cryptocurrency market by launching his own meme coin over the weekend. This altcoin, initiated on the Solana $272 network, quickly surpassed a market capitalization of $7 billion. While we are not accustomed to meme coins with double-digit prices, it is not surprising that a cryptocurrency officially announced as a meme coin by the new U.S. President has garnered such interest.

TRUMP ($6.08) Coin

Newcomers to cryptocurrencies often show greater interest in high-volatility assets. This leads to a dramatic increase in the trading volumes of meme coins during the influx of new investors. You may have also encountered DOGE ($0.20) or its alternatives while making your first cryptocurrency trades.

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