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Trump Coin Emerges as Former President Donald Trump Reportedly Enters the Cryptocurrency Arena
Trump Coin Emerges as Former President Donald Trump Reportedly Enters the Cryptocurrency Arena
A meme token registered on the Solana blockchain platform under the symbol DJT and named “Trump Coin” has sparked industry speculation.
Former President Donald Trump is reportedly set to launch his own cryptocurrency, called “Trump Coin,” as he ramps up his campaign for the upcoming November presidential election.
According to Fox Business, a meme token has been registered on the Solana blockchain platform with the symbol DJT and the name “Trump Coin.” The token shares its symbol with Trump’s social media platform, Truth Social.
The token began trading on Solana on Monday evening with a market cap of $73 million, as per cryptocurrency trading data tool Birdeye.
However, with the buzz around the coin quickly intensifying, its market cap had surged to nearly $150 million as of this writing.
Trump’s press team did not immediately respond to Benzinga’s request for comment on the matter.
When asked about the Trump Coin launch, former GOP presidential candidate and adviser to President Trump, Vivek Ramaswamy, told Benzinga, “I'm glad President Trump and his campaign are leaning into cryptocurrency, including accepting it – he's ahead of the curve.”
Trump Coin is the latest in a series of meme coins inspired by political candidates this election cycle.
Other non-affiliated Trump meme tokens are trading in the cryptocurrency landscape, including the popular MAGA Coin, which had a market cap of upwards of $340 million at press time.
Trump’s potential foray into cryptocurrencies comes after a significant shift in his stance on the asset class.
Last month, he expressed his support for cryptocurrency on the campaign trail, a drastic change from his previous disinterest in the token in 2021.
This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
News source：https://www.kdj.com/cryptocurrencies-news/articles/trump-coin-emerges-president-donald-trump-reportedly-enters-cryptocurrency-arena.html
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