Donald Trump Appears To Have Launched A Meme Coin

Donald Trump has launched a caller meme coin, according to posts from his X and Truth Social accounts past night. The posts, which personification recreation conscionable days earlier Trump’s inauguration, were initially met pinch suspicion by galore that his accounts had been hacked.

Skeptics highlighted by Decrypt past nighttime pointed to respective reddish flags, specified arsenic that nan millions of dollars seeding nan task came from Binance and Gate, which only work overseas customers. The coin’s website credits nan task to nan aforesaid group down Trump’s NFTs, arsenic noted by Cointelegraph, which reports that sources adjacent to Trump’s family confirmed nan announcements’ legitimacy.

Both posts enactment up arsenic of this morning.

The thought that Trump would debut a meme coin is nary ample surprise, fixed his aggregate NFT collections and his preamble of a crypto level past year. He has made cryptocurrency a ample information of his caller schedule and has assembled a crypto and AI-focused tech argumentation squad led by “crypto czar” David Sacks. Trump too plans to rumor an executive bid naming crypto a “national imperative aliases priority” aft he’s inaugurated adjacent week, Bloomberg reported up of nan weekend.