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The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [3]
The launch of the coins came just ahead of Trump’s inauguration on Monday and follows a broader rise in crypto prices throughout 2024 and early 2025.
How much is the new Trump meme coin? On Saturday at 1 p.m. ET, the Trump coin was trading at about $31, according to crypto exchange GeckoTerminal.When trading started, the coin's value was 18 ...
Trump’s meme coin is a reminder of crypto’s dumbest use case. Analysis by Allison Morrow, CNN. January 21, 2025 at 10:16 AM. Trump launched a volatile crypto token just days before taking office.
Many investors flirt with the idea of buying a meme coin like Dogecoin, (CRYPTO: DOGE) or perhaps a newer issue like the Official Trump coin, which is on the Solana (CRYPTO: SOL) blockchain with ...
Some crypto enthusiasts hailed the Trump meme coin’s release, saying it’s symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration. Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.
The price of the meme coin spiked following Milei's promotion but then suffered a severe price drop, leading to allegations of a rug pull scam. This scandal has been dubbed Cryptogate . [ 1 ] [ 2 ] [ 3 ] The Economist called it the "first big scandal" of Milei's presidency.
Trump’s meme coins brought a surge of attention to crypto and many newcomers into the space. To some, the coins signaled Trump’s commitment to crypto and to spurring its growth.
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related to: $trump coin cryptoweb.crypto.com has been visited by 100K+ users in the past month