Days before his inauguration, President-elect Donald Trump has launched a meme coin, $TRUMP, triggering intense speculation online.
Some have questioned whether his X (formerly Twitter) account has been compromised, while others see it as a characteristic move from the former president, however, it’s important to mention that the same post is found on Truth Social a social media platform belonging to the president adding a layer of legitimacy.
Trump’s post features an AI-generated image of himself with a raised fist, accompanied by the words “FIGHT FIGHT FIGHT” and a link directing users to purchase the cryptocurrency.
Despite initial scepticism, $TRUMP surged in value, generating $8 billion in sales within three hours. The token, which debuted at $0.18, has since climbed to $7, with only 10% of its supply remaining.
The launch has sparked widespread debate, with critics warning of potential volatility, while supporters speculate on Trump’s long-term ambitions in the cryptocurrency sector. Is this the beginning of a new financial strategy, or just another short-lived trend? The markets will decide.
